Effective March 1, 2024, the Bank of Ghana (BoG) has increased the balance and transaction limits for customers’ mobile money wallets.
This adjustment comes in response to the growing trend of transactional activities and changing customer needs.
The Ghana Chamber of Telecommunications released a statement highlighting these changes. Under the new limits, daily transaction limits have been raised for different account tiers.
For example, the minimum account, which previously had a GH¢2,000 limit, has been raised to GH¢3,000. Similarly, the medium account limit has been increased from GH¢10,000 to GH¢15,000, and the enhanced account limit has been raised from GH¢15,000 to GH¢25,000.
For maximum accounts, the minimum account limit has been increased from GH¢3,000 to GH¢5,000, the medium account limit has been raised from GH¢25,000 to GH¢40,000, and the enhanced account limit has been increased from GH¢50,000 to GH¢75,000.
Regarding monthly transaction limits, the minimum account limit has been raised from GH¢6,000 to GH¢10,000. The medium and enhanced accounts, which previously had no limits on the value of monthly transactions, remain unchanged.
“Kindly reach out to the personnel of our members at any of their customer service centers across the country, for any clarification you may need”, the statement concluded.