The Bank of Ghana has now given the go-ahead to mobile money operators to pay interests on the mobile money float on 11 September 2016.
The first-quarter of 2016 interest payment is, therefore, on 11 September, 2016 and second-quarter payment is due on 18 September, 2016.
Total interest accrued on the float as of June 2016 was GHS15.19million.
The mobile money subscribers are entitled to at least GHS12.15million, representing 80% of the total float balances that will be distributed to mobile money subscribers in line with Paragraph 10(5) of the E-Money Issuers Guidelines (2015).
Source: Ghana/AccraFM.com
