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BoG raises limit on mobile money transactions

BY: Graphic.com.gh
BoG raises limit on mobile money transactions
BoG raises limit on mobile money transactions

The Bank of Ghana (BoG) has increased the daily limits on mobile money transaction and wallet limits as part of measures to facilitate more efficient payments and encourage a seamless transition to a cash-lite society.

The move, according to the Bank of Ghana is also to promote the use of non-cash modes of payment.

According to the release dated December 22, 2022, “the aggregate monthly transaction limits will however remain unchanged.”