Audio By Carbonatix
The Bank of Ghana (BoG) has increased mobile money transaction and wallet limits.
The Bank in a statement issued on December 22, 2022, noted the review is part of measures to facilitate more efficient payments, encourage the seamless transition to a cash-lite society as well as promote the use of non-cash models of payments.
According to the release, “the aggregate monthly transaction limits will however remain unchanged.”
Find below the new review:
Daily transaction
- Minimum KYC Account which initially had a limit of ¢1,000 has been upgraded to ¢2,000.
- Medium KYC Account with a current limit of ¢5,000 has been increased to ¢10,000.
- Enhanced KYC Account with a ¢10,000 threshold has been reviewed to ¢15,000.
Maximum account balance limit and monthly transaction limits are attached below:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Most young Ghanaians want marriage and children but jobs and finances stand in the way – UNFPA Report
7 minutes -
Accra-Tema Motorway reconstruction 48% complete with drainage works reducing flooding
15 minutes -
22-year-old law student declares bid for Manhyia South seat on Base Movement Ghana ticket
21 minutes -
Ghana’s crude oil production falls for six years, costing billions in lost revenue – IES report
27 minutes -
Today’s Front pages: Tuesday, July 14, 2026
31 minutes -
CPP mourns Ya-Na Abukari II, calls for heightened security ahead of Dagbon funeral
32 minutes -
Finance Minister Ato Forson set to present Mid-year Budget Review next week
38 minutes -
Some abandoned 1D1F factories have been converted into churches – Ahmed Ibrahim
45 minutes -
Coca-Cola Bottling Company donates relief items to support flood-affected families in Tema West Municipality
1 hour -
RUPAG rejects claims raw rubber export ban is hurting farmers, defends policy
1 hour -
Integrity, adaptability key to career success, Absa Chief Risk Officer urges UESD students
1 hour -
Absa Bank empowers Persons With Disabilities through financial literacy programme
2 hours -
Mrs Essie Nyamekye Quainoo
2 hours -
Interior Ministry recovers 73 assets linked to drug trafficking through intensified anti-narcotics operations
2 hours -
Mahama’s first-year performance scores 4.9/10 in IERPP assessment
2 hours