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BoG records over GHC900bn increase in mobile money transactions

The total value of mobile money transactions in Ghana reached a record level in 2023, according to the 2023 Summary of Economic and Financial...
Business

Ghana recorded mobile money transactions worth GHC1.912 trillion in 2023 – Report

The mobile money landscape in Ghana witnessed an unprecedented surge in 2023, reaching a record-breaking total transaction value of GHS1.912 trillion, according to the...
News

KPMG Survey reveals 66% of Ghanaians use Mobile Money weekly 

A recent survey conducted by global audit and advisory firm KPMG has brought to light the remarkable surge in mobile money usage among Ghanaians.  The...
Business

MoMAG lifts GHS1000 cap on mobile money withdrawals

The Mobile Money Advocacy Group (MoMAG) has officially lifted the GHȻ1000 cap on withdrawals, effective immediately. This decision comes following discussions with relevant authorities...
News

Mobile Money vendor runs away with his employer’s Gh¢20,600 capital

A mobile money vendor by the name Collins Mensah, has made an escape with the business capital of his employer, identified as Ms. Rosina. As...
Business

E-levy forced 1 million Ghanaians to render their mobile money inactive – ISSER

A research study conducted by the Institute of Statistical, Social and Economic Research (ISSER) has revealed that approximately one million mobile money accounts became...
Business

Ghana ranks second in Africa for mobile money services growth – Report

Ghana has secured the second position in Africa for the growth of mobile money services, following Côte d’Ivoire, as revealed in the 2023 Oxford...
Business

BoG records over GHS1trn in total mobile money transactions for first 8 months

The September 2023 Summary of Economic and Financial Data released by the Bank of Ghana (BoG) reveals that the total value of Mobile Money...
Business

EOCO goes after Momo fraudsters after signing MOU with Mobile Money Ltd

The Economic and Organized Crime Office (EOCO) and Mobile Money Limited, a division of the world's largest telecoms company, MTN, have signed a Memorandum...
Business

These 3 procedures will help you know the “next of Kin on your Momo

The advent of Mobile Money platforms has significantly enhanced the convenience and efficiency of cash transactions in the digital payment landscape. Over time, mobile service...
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