Prime News Ghana

BoG increases mobile money transaction limits

By Primenewsghana
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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:

Daily transaction

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: