momo Archives - Wontumi Online

01 Apr

MoMo Transactions Hit GH¢649.2Bn In Only 2 Months Of 2025

CUD Wontumi0 CommentsBusinessmomo

The total value of mobile money transactions in the first two months of 2025 increased to GH¢649.2 billion. This represented a year-on-year growth of 64.68%. In the first two months of 2024, the total value of mobile money transactions was estimated at GH¢394.2 billion. According to data from the Bank of Ghana, the value of mobile money transactions in January 2025 was GH¢333 billion. It however fell to GH¢316.2 billion in February 2025. This is despite the existence of the Electronic Transaction Levy (E-levy) which was abolished by the new government last week. Analysts are anticipating that mobile money transactions…

22 Feb

Fraud Alert: ECG Cautions Clients Against MoMo Fraudsters

wontumionlineBusinessECG, Fraud, momo

The Electricity Company of Ghana (ECG) has advised clients to only transact business with the power distribution company through its PowerApp and offices. Speaking to JoyNews, the Volta Regional General Manager of ECG, Ms. Christina Jatoe-Kaleo explained that, her outfit does not operate a mobile money account. She therefore entreated customers not to give audience to people who would ask them to send money to ECG mobile money account to access ECG services. Source: Adomonline

30 Nov

MoMo Withdrawals To Be Limited To GH¢1k Per Transaction From Dec. 1 – Agents

wontumionlineBusinessAgents, momo, Vendors

Starting on Friday, December 1, Mobile Money (MoMo) agents across Ghana will enforce a temporary measure restricting cash withdrawals to a maximum of GH¢1,000 per transaction. This decision is outlined in a joint statement issued by four MoMo Associations: the Northern MoMo Agents Association of Ghana (NOMAAG), the Mobile Money Advocacy Group (MOMAG), the Mobile Money Agents Association Ghana (MMAAG), and the ABAG. The associations clarified that this temporary measure is implemented to secure fair compensation for the services provided by MoMo agents. They emphasised that this step is not intended to inconvenience customers but rather to bring attention to…

11 Aug

MTN Ghana Holds MoMo Stakeholder Forum To Assess Impact Of eCedi On Future Digital Payments

wontumionlineBusinessmomo

Pioneer of Mobile Money in Ghana, MTN Ghana on Wednesday, August 10, held a Mobile Money (MoMo) Stakeholder Forum in Accra. The forum was held on the theme; "Assessing the Impact of the Central Bank's Digital Currency on the Future of Digital Payments." The event is part of activities lined up for the 2022 Mobile Money month which was launched in the capital last week on the theme ‘Accelerating Growth in Digital Payments – The Role of Partnerships’ is part of efforts to ensure digital inclusion. After years of success with mobile money and other digital financial payment systems, the…