Dr Ernest Addison, BoG Governor

 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.

ALSO: Sarkodie nominated for BET Hip Hop award

 “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