The Association of Mobile Money Agents has welcomed the decision of MTN Ghana to increase its withdrawal transaction fees to Ghc20 effective July 1
MTN, the leading telecommunications company, has announced significant changes to its mobile money withdrawal transaction fees.
Effective from July 1, 2023, customers will experience an adjustment in fees for cash-out transactions exceeding a specific threshold.
MTN took the initiative to inform its customers about the upcoming modifications through an SMS circular.
According to the circular, cash-out transactions below GH₵2,000 will now be subject to a fee equivalent to 1% of the transaction amount.
Some momo users have described the charge as exorbitant but the Association of Mobile Money Agents says the decision is the best
Executive secretary of the association Evans Otumfour has been speaking to Osei Akoto with Ahotor News.
Some Ghanaians have also expressed their concerns about the increment.
Story by: Osei Akoto (Teacher Kojo) / Ahotoronline.com
