Business
BoG increases mobile money transaction limits effective March 1
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. In a statement issued by the Ghana Chamber of Telecommunications on Tuesday, February 27, 2024, it noted that the move is in line with increasing trends of transactional activities and evolving customer needs. […]
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General News
AU Summit… Nana Calls For Single Mobile Platform
President Akufo-Addo President Nana Akufo-Addo has urged Africa Union (AU) members to back the implementation of a mobile phone interoperability system that spans across the continent. He argued that the
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Featured
Scrapping of e-levy: Momo users sceptical about Bawumia’s promise
Some mobile money users in the Ashanti Region are sceptical about the promise Vice President Dr. Mahamudu Bawumia gave concerning the scrapping of the e-levy if he becomes president of Ghana. The controversial tax was introduced in 2022 by the Akufo-Addo government. While delivering a public lecture on his vision for the country after he […]
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Featured
Mobile banker jailed 6 years for forgery, stealing GH¢162,700
An Adentan Circuit Court has sentenced a mobile banker to six years imprisonment for embezzling GH¢162,700 belonging to customers of a Rural Bank. This was after the Rural Bank (name withheld) is said to have audited her accounts. Grace Addy, 29, is said to have collected the money and channelled the money through other mobile […]
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Banking & Finance
Navigating the mobile money landscape: Unraveling the roles of banks, fintechs and telcos
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a safe mode of payment in […]
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