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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...

News

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...

News

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...

News

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...

Business

MTN to implement increase in cash out fees effective July 1st

The mobile money withdrawal transaction charge will increase to GHS20 for all withdrawals of GHS2,000 or more starting on July 1st, according to telecommunications...

Business

Telcos and BoG joining forces to retrieve locked funds on MoMo accounts – Comms Minister

Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has revealed that Mobile Network Operators (MNOs) are partnering with the Bank of Ghana to facilitate the...

Business

E-Levy revision boosts mobile money transactions

The Electronic Transaction Levy (E-levy) introduced by Mobile Money Limited-MTN Ghana has led to a dip in mobile money transactions, according to Sylvia Otuo-Acheampong,...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Kanye West’s Heil Hitler song bans him from entering Australia