ALL POSTS FILED UNDER: MOBILE MONEY
Total value of Mobile Money transactions hit GH¢3.6 trillion
Add a CommentThe total value of mobile money transactions reached GH¢3.6 trillion in the first 10 months of 2025, ending October. This is according to the latest Economic and Financial Data released by the Bank of Ghana after last week’s Monetary Policy … Read more →
BoG revises balance, transaction limits of mobile money wallets upwards
Add a CommentThe 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 … Read more →
Bank of Ghana warns Mobile Money loan defaulters
Add a CommentThe Central Bank has in statement cautioned all individuals who have acquired loans through mobile money platforms, but have delibrately refused to register their SIM cards under the on-going national SIM Card registration exercise, with the intention of avoiding repayment of … Read more →
Mobile money transactions significantly outstrip cheques by ¢770.4bn in 2021
Add a CommentMobile money transactions for last year significantly outstripped cheque transactions by a massive ¢770.4 billion, the Summary of Economic and Financial Data from the Bank of Ghana has revealed. This is compared to ¢522.9 billion recorded in the eight months … Read more →
Interest payment on mobile money wallets begins on Sept 11
Add a CommentMobile telecom operators with mobile money service have clinched a deal with their partner banks for them to pay interest on customers’ balances in their wallets. This follows a Bank of Ghana (BoG) approval for mobile money operators to negotiate … Read more →
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(Nana Kwesi)