Skip to main content

G-Money stands tall with the best rates on the market – GCB MD


A comparative analysis of rates between G-Money and the three other mobile money service providers in Ghana show that G-Money currently stands tall with the best Peer to Peer (P2P), Cash Out and Mobile Money Interoperability (MMI) rates on the market.

This is according to the Managing Director of the GCB Bank, Anselm Ray Sowah.

He stated that G-Money has the lowest P2P rate of 50pesewas which is a flat fee for all transactions below 999.99 cedis.

It also charges a flat fee of 1 cedi for transactions worth 1,000 cedis and above, while other competitors charge as much as 10 cedis per transaction.

 

He also stated that, ‘the rationale behind our unbeatable rates is to encourage our customers and all Ghanaians to go cashless with G-money and limit their exposure to bank notes to promote both digital financial inclusion and avoid physical contact in this COVID-19 season.”

On the Mobile Money Interoperability (MMI), the analysis showed that G-Money has the best MMI rates across all its pricing categories which makes it affordable to the consumer.

“While other mobile money service providers charge as much as 15 cedis for transactions worth 1000.01 cedis and above, G-money charges a flat fee of 10 cedis. For transactions below 1000 cedis, G-Money charges as low as 1% for the transaction,” the statement noted.

G-Money is a mobile money service introduced GCB to allow individuals and businesses to store and make transactions on their phones and other personal digital assistant devices (PDA).

The service is part of the bank’s drive to take advantage of its country-wide branch network to deploy a digital payment service that fosters financial inclusion and propel Ghana’s interoperability system initiated by the Government.

The mobile money wallet service can be accessed via various channels such as USSD, the bank’s mobile banking applications, ATMs, point of sale devices and very soon would be available for use on WhatsApp.

Comments

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...

Ghana Property & Lifestyle Expo Ignites Global Interest in Ghana’s Real Estate Market with Landmark Washington DC Edition

  Washington DC, USA – Hundreds of investors, professionals, and diaspora attendees gathered at the Washington Marriott Georgetown for the Ghana Property & Lifestyle Expo (GPLE) – Washington DC Edition , marking the dynamic launch of the 2025 Global Series. The two-day international showcase delivered a powerful mix of credible investment opportunities, expert insights, and strategic networking, spotlighting Ghana’s booming real estate sector as a leading destination for property and lifestyle investment in Africa. From luxury apartments and serviced plots to gated communities and commercial developments, attendees experienced the best of Ghana’s property landscape—featuring top developers from Accra and Kumasi, including Royal Kingdom Estate, Goldkey Properties, Devtraco Plus, Clifton Homes , and others.   Eddy Acquah Moderator & AJ Akua Johnson Brand Ambassador GPLE (Actress , Fitness Coach & Philanthropist) [/caption] Ambassador Victor Smith Applauds Expo’s Rol...