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Tag Archives: withdrawals

MoMo agents to limit cash withdrawals to GH¢1,000 per transaction from December 1

Mobile Money (MoMo) agents nationwide will implement a temporary regulation limiting cash withdrawals to a maximum of GH¢1,000 per transaction, beginning from December 1, 2023. The joint decision stems from a collaborative statement by four MoMo Associations; the Northern MoMo Agents Association of Ghana (NOMAAG), the Mobile Money Advocacy Group …

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Blogger and IT man arrested for spreading false news leading to panic dollar account withdrawals

A blogger and an Information Technology (IT) professional have been put before an Accra Circuit Court on charges of spreading false news. The blogger, Jeffrey Eppirim, was charged with publication of false news while the I. T professional Jeremiah Kobina Egyebeng was charged as his accomplice. According to a report …

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ATM withdrawals not included in E-Levy – Finance Ministry

The Finance Ministry has stated that ATM withdrawals will not attract the 1.5% charge on electronic transfers. Also, same person transactions will not attract the E-Levy. The E-Levy is a tax imposed on electronic transfers charged at the time of transfer. The levy shall be administered by the GRA and …

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