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Don’t pay charges on deposits into one’s account – MOMAG to MoMo users

Don’t pay charges on deposits into one’s account – MOMAG to MoMo users

The Mobile Money Advocacy Group, Ghana (MoMAG) has cautioned mobile money users against paying illegal charges to agents for deposits into their accounts. According to MoMAG, deposits into one's mobile wallet are free of charge,

Business
AU to roll out Akufo-Addo’s mobile money interoperability across Africa

AU to roll out Akufo-Addo’s mobile money interoperability across Africa

The African Union (AU) has approved President Nana Addo Dankwa Akufo-Addo's proposal for mobile money interoperability throughout Africa, which is a major step towards economic unification. The objective of this effort is to facilitate smooth

Business
Mobile Money Agents accuse GRA of double taxation

Mobile Money Agents accuse GRA of double taxation

The imposition of E-levy on Mobile Money agent SIM cards by the Ghana Revenue Authority has ignited discontent among these essential service providers. The MOMO agents in a press release today, Wednesday March 20, 2024,

Business
Momo agents to restrict maximum withdrawal to Ghc1000 from December 1

Momo agents to restrict maximum withdrawal to Ghc1000 from December 1

Mobile Money (MoMo) agents in Ghana will impose a temporary measure, effective December 1, 2023, capping cash withdrawals at GH¢1,000 per transaction, in an effort to provide just recompense for their services. Four MoMo Associations—the