Africa-Press – Ghana. MTN Ghana, the country’s leading mobile money (MoMo) service provider, has implemented changes to fees and transaction limits that go into effect on March 1, 2024.
These changes will impact how much you pay for certain MoMo services.
According to the circular shared by the company, the daily limit for minimum accounts transactions have been increased from GHC 2000-GHC 3000, meaning members with minimum account type will now be able to have a daily transaction limit of GHC3000.
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Medium account holders will have their daily limits increased from GHC 10000- GHC 15000. Enhanced account holders also have their daily transaction limit increased from GHC15000- GHC 25000.
Previously, MTN MoMo charged a 1% fee on all transfers. With the updated fee structure, transfers below GHC 1000 will now be free. For transfers of GHC 1000 or above, the 1% fee still applies.
MTN MoMo has replaced some of its percentage-based cash-out fees with flat fees. Here’s the new breakdown:
Let’s look at an example:
The impact of these changes on your MoMo costs depends on your typical transaction amounts. In many cases, you might end up paying less, especially for smaller transactions. However, for larger cash-outs, you might see an increase in fees.
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