Momo transactions

Total Mobile Money Transactions Hit Record GH¢394.2Bn In Two Months Of 2024
25 Mar

Total Mobile Money Transactions Hit Record GH¢394.2Bn In Two Months Of 2024

Wontumi1Business
The total value of mobile money transactions for the first two months of 2024 stood at a record GH¢394.2 billion. This is compared with GH¢264.1 billion during the same period in 2023. According to the March 2024 Summary of Economic and Financial Data by the Bank of Ghana, the value of mobile money transactions in January 2024 stood at GH¢198.4 billion, whilst that of February 2024 was estimated at GH¢195.8. This impressive feat is despite the existence of the Electronic Transaction Levy (E-Levy). The total number of transactions in January 2024 stood at 618 million, whilst that of February 2024…
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BoG Revises Balance, Transaction Limits Of Mobile Money Wallets Upwards, Starting March 1
28 Feb

BoG Revises Balance, Transaction Limits Of Mobile Money Wallets Upwards, Starting March 1

Wontumi1Business,
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers' mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing trends of transactional activities and evolving customer needs. On daily transaction limits, customers with a minimum account which initially had a limit of GH¢2,000 has been upgraded to GH¢3,000, while medium account with a current limit of GH¢10,000 has been increased to GH¢15,000. In the same line, an enhanced account with a GH¢15,000 threshold has been reviewed to GH¢25,000 daily.…
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