World
Bank of Ghana Raises Limit on MoMo Transactions
According to a release from the Bank, “the aggregate monthly transaction limits will however remain unchanged.”
![](https://ghanaiannews.ca/wp-content/uploads/2022/12/izone_mtn_mobile_money.jpg)
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.”
![](https://i0.wp.com/www.graphic.com.gh/images/2022/dec/31/BoG1.jpg?ssl=1)
![](https://i0.wp.com/www.graphic.com.gh/images/2022/dec/31/BoG2.jpg?ssl=1)