The Bank of Ghana has announced that beginning tomorrow, Friday, March 20, 2020, All mobile money transfers of GH¢100 and below will attract no charges from service providers for the next three months, subject to review.
A statement by the BoG said the Bank of Ghana has agreed with banks and mobile network operators on measures to facilitate more efficient payments and promote digital forms of payments.
The statement said It is part of various measures outlined by telecommunication companies to help support the fight against the Coronavirus (COVID-19) pandemic to facilitate more efficient payments and promote digital forms of payments, as well as to contain the impact of the Coronavirus on the Ghanaian economy.
Also, the daily transaction limits for users have been increased, and all mobile phone subscribers are now permitted to use their already existing mobile phone registration details to be on-boarded for Minimum KYC Account.
Source: Mybrytfmonline/Kofi Atakora
