Following a meeting with its authorities about their meagre commission, the Mobile Money Advocacy Group (MoMAG) has decided to suspend the decision to peg mobile money withdrawals at a limit of GHC1000.00.
In a quest to draw attention to their plight of earning just little from the business, Momo agents decided to peg withdrawals at a limit of GHC1000.00 per transaction. The directive took effect on December 1, 2023.
According to the association, they have made their concern known to the authorities several times but they have seen no approach to provide solutions.
In a letter dated December 21, 2023 and signed by the National Secretary of the MoMAG, the withdrawal limited is suspended with immediate effect pending a final resolution as promised by the Ghana Chamber of Telecommunications and other Telcos.
“I write on behalf of the Executive Board MoMAG to inform you that, we have had meetings with the relevant authorities, regarding our meagre and static commissions and the subsequent action of withdrawal of GHȻ 1,000 and have concluded on the following
That, we are suspending with immediate effect the action on GHȻ1000 withdrawals for a while as we wait for the final resolution as promised by the Ghana Chamber of Telecommunications and other Telcos.”
Failure to heed this directive “will amount to disrespect to these institutions who had a fruitful meeting with us,” the letter said.
Furthermore, the MoMAG “dissociate itself from any publication/announcement/information and any association(s) which seems to affix itself to the previous (November 25, 2023) decision of GHȻ1000 withdrawals,” it concluded.
Read the letter in full: