BoG pegs mobile money minimum requirement at GH¢20 million

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 The Bank of Ghana (BoG) has pegged the minimum capital requirement for the operation of a mobile money company at GH¢20 million.

A statement signed by the Governor of BoG said “Electronic Money Issuers (EMI) like mobile money companies are required to have a minimum capital of GH¢20 million.

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 “Under this license, EMIs are permitted to issue electronic money, recruitment, and management of agents, creation and management of wallet.”

Below are details from BoG:

Source: Adomonline.com