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.”
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: