MoMo Agents to Implement Fair Compensation: Withdrawal Limits Capped at GH¢1,000 per Transaction,Starting December 1st.
Effective December 1st, 2023, four prominent mobile money agents associations in Ghana, namely Northern MoMo Agents Association of Ghana (NOMAAG), the Mobile Money Advocacy Group (MOMAG), the Mobile Money Agents Association Ghana (MMAAG), and ABAG, jointly announced a temporary measure to limit cash withdrawals to a maximum of GHS1,000.00 per transaction. This decision, aimed at […]
See full list: BoG shuts down over 300 microfinance companies
The Bank of Ghana (BoG) has revoked the operating licenses of over 300 microfinance institutions. A statement from the BoG says 192 of the companies that had their licenses revoked were insolvent and another 155 were revoked because they have ceased operations. These actions were taken pursuant to section 123 (1) of the Banks and Specialised […]
Rwanda Central Bank Cuts Key Interest Rate to Record Low of 5%
Rwanda’s central bank reduced its benchmark interest rate to a record low to sustain growing domestic demand. The bank’s Monetary Policy Committee cut the rate by 50 basis points to 5 percent, Governor John Rwangombwa said in a statement handed to reporters Monday in the capital, Kigali. The landlocked East African nation has experienced deflation […]
Congress rolls out ‘Better Deal,’ new economic agenda
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MSNBC finishes first in primetime basic cable for first time ever
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Illinois’ financial crisis could bring the state to a halt
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6 Stunning new co-working spaces around the globe
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This is how you dress for a job interview, and land an offer
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Uber and Lyft are finally available in all of New York State
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