MoMo Transactions: Beginning on March 1, BoG modifies customer wallet caps

MoMo Transactions: Beginning on March 1, BoG modifies customer wallet caps

Medium Account for Know Your Customer (KYC):

Prior Cap: GHC 25,000
Updated Cap: GH¢40,000

Improved Account for Knowing Your Customer (KYC):

Former Cap: Gh¢50,000
Updated Cap: GH¢75,000

In addition, GH¢10,000 has been added to the minimum KYC account’s monthly transaction limit, which was formerly GH¢6,000. There will be no changes to the monthly transaction restrictions that applied to Medium and Enhanced accounts.

MoMo Transactions: Beginning on March 1, BoG modifies customer wallet caps
MoMo Transactions: Beginning on March 1, BoG modifies customer wallet caps

In its capacity as an advocacy organization, the Ghana Chamber of Telecommunication invites the general public to visit any of its member companies’ customer service centers nationwide to obtain clarity.