The Bank of Ghana (BoG) has increased mobile money transactions and wallet limits to the tune of two thousand Ghana Cedis.
But the aggregate monthly transaction limits will however remain unchanged.
This was made known in a release by the Bank in a statement issued on December 22, 2022.
According to the nation’s central bank, 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.
Find below the new review:
- 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: