BoG considers raising limit on mobile money transactions

The Bank of Ghana has said it is considering suggestions made by operators of mobile money companies for the upward adjustment in the maximum transaction an individual can undertake in a day.

The Electronic Money Issuer (EMI) guidelines issued by the BoG categorises customers e-money accounts into three groups which defined their maximum daily and monthly transaction limits.

Currently, depending on which of the three categories a customer is placed in by the service provider, the daily transaction limit ranges from GH¢300 to GH¢5,000, with the monthly maximum transaction also ranging from GH¢3,000 to GH¢50,000.

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