• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

MoMAG suspends GHS1000 Mobile Money withdrawal cap 

2 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
125
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

MoMAG suspends GHS1000 Mobile Money withdrawal cap 

The Mobile Money Advocacy Group (MoMAG) has taken a decisive action, announcing the immediate lifting of the GHS1000 cap on withdrawals. This strategic move follows deliberations with pertinent authorities and seeks to address the simmering discontent among Mobile Money (MoMo) agents regarding their commission structures.

Earlier in December, MoMo agents had instituted a cap, limiting individual cash withdrawals to GHS1,000, spotlighting their grievances over what they perceive as inadequate remuneration for their pivotal role in the mobile money ecosystem.

In a communique issued on Thursday, December 21, 2023, MoMAG underscored its decision to suspend the withdrawal cap, awaiting definitive resolutions pledged by the Ghana Chamber of Telecommunications and affiliated Telcos. The group articulated a sentiment of respect towards these institutions, cautioning against any perceived insubordination to their collaborative efforts.

“Persisting with the imposed limitations would be tantamount to disregarding the constructive dialogues we’ve engaged in with the esteemed institutions – namely, the four mobile money associations,” read parts of the statement.

This appeal for restraint underscores MoMAG’s commitment to fostering collaborative solutions while awaiting the forthcoming deliberations anticipated in 2024.

While reverting to customary transaction protocols, MoMAG’s announcement also distanced the group from any associations or proclamations linked to the prior GHS1000 withdrawal directive disseminated on 25 November 2023.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

In essence, MoMAG’s recent decision epitomizes a calibrated approach, balancing advocacy for agents’ rights with a collaborative spirit aimed at engendering a sustainable mobile money ecosystem in Ghana.

Tags: MoMAG suspends GHS1000 Mobile Money withdrawal capThe Mobile Money Advocacy Group (MoMAG)
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.