Ghana waives mobile money transaction fees

The Central Bank of Ghana has waived mobile money fees for transactions below GH₵100 (USD$18) for the next 3 months. This is to facilitate cashless transactions in the wake of the coronavirus pandemic. At the same time, the regulator has increased mobile money daily limits and doubled the capacity that digital wallets can hold. To ease registration, existing phone subscribers are allowed to automatically enrol for a mobile money minimum know-your-customer (KYC) account.