BUSINESS NEWS

MoMo agents to increase service charges from Monday

The new pricing will be made available on Monday

Members of the Mobile Money Agents Association of Ghana (MMAAG) have hinted at an increase in service charges following an emergency meeting on Friday, June 25.

The association had complained about back-door increase in taxes imposed on telecommunication companies by government, thereby forcing them to pass on the charges to their customers.

According to them, government has ordered the telecommunication companies to deduct 10 percent extra from Cash-out service wallet.

“In total, on each network, every agent will be paying 20% tax on monthly basis,” they said in a press statement on Friday.

“Initially, agents pay 5% on Cash-in service wallet but it was secretly increased to 10% without our knowledge.

“We feel this is a gross disregard to procedures.”

They counted the numerous operational costs aside the risks of armed robbery, acid baths, fraud and insecurity, which they say leads to death, deformity, maiming and loss of huge amounts of money.

“The unfortunate aspect of it all is that the deceased, and/or victims are left to their families without any form of support from government.”

They said since government has not heeded to their concerns, they will pass all the costs onto their customers.

“Management is by this press informing all MoMo Agents to transfer the cost to the customer.

“We are advising our members to transfer the cost to those who seek our services.”

They announced that the new pricing will be made available by Monday, June 28.

Source: 3news.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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