MTN Mobile Money Withdrawal Charges in Ghana 2021

MTN Mobile Money Withdrawal Charges in Ghana is not something new to a mobile money subscriber. In most cases, you get confused about whether MTN Ghana MoMo charges follow a formula or happen randomly. Some people even think withdrawing from one agent is less expensive than the other. All these are not true. MTN Ghana has a way you can calculate your withdrawal charges before even walking to an agent to withdraw your money.

MTN MoMo withdrawal charges come in three forms, and they are; if you withdraw an amount between GHS 1 to GHS 50, you’ll be charged GHS 0.5, If you withdraw an amount between GHS 50 to GHS 1000, you’ll be charged 1% of the amount and finally if you withdraw amount above GHS 1000, you will be charged GHS10. Continue reading for better understanding.

There are two ways you can withdraw or cash your MoMo. You can either withdraw from an agent, which is very common, you can also withdraw your money using Automated Teller Machine (ATM).

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In this article guide, we shall cover everything about the MTN Mobile Money Withdrawal Charges in Ghana 2021.

MTN Mobile Money Cash Out Charges from an Agent

Withdrawing your Mobile Money from an agent is the common way you can withdraw your money. The withdrawal charges are the same everywhere you go. The saying that MTN charges more when withdrawing from one agent than another agent is not true. They use a simple method for this. 

The charges are calculated based on the amount you are withdrawing. The amount can be in three categories; below GHS 50, between GHS550 and GHS 1000, and above GHS 1000.

  • If you are withdrawing an amount less than GHS50, you will be charged GHS 0.5. For example, if you want to withdraw GHS 20, you will be charged GHS 0.5. Also, if you’re going to withdraw GHS49, you will be charged GHS 0.5. The GHS 0.5 charge is fixed.
  • If you want to withdraw an amount between GHS 50 and GHS 1000, you will be charged 1% of the amount. For instance, if you want to withdraw GHS 400, you need to find 1% of GHS 400 ((1/100)*GHS 400) which is GHS 4. The simple way to calculate is to multiply the amount by 0.01, so 0.01*400 is 4.
  • Finally, for any amount more than GHS 1000, the withdrawal fee is GHS 10. This is also fixed, so if you want to withdraw GHS2500, you will be charged GHS 10 as a withdrawal fee.
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Some amounts and their withdrawal charges

AmountWithdrawal ChargeTotal
GHS 10GHS 0.50GHS 10.50
GHS  20GHS 0.50GHS 20.50
GHS 50GHS 0.50GHS 50.50
GHS 60GHS 0.6GHS 60.60
GHS 100GHS 1.00GHS 101.00
GHS 200GHS 2.00GHS 202.00
GHS 250GHS 2.50GHS 202.50
GHS 500GHS 5.00GHS 505.00
GHS 1000GHS 10.00GHS 1010.00
GHS 2500GHS 10.00GHS 2510.00

MTN Mobile Money ATM Withdrawal Charges in Ghana

If you prefer to withdraw from an ATM using an ATM token instead of an agent, note that the charges are the same as withdrawing from an agent. However, you are limited to only GHS 400. Meaning you can only withdraw an amount not more than GHS 400. 

The charge for an ATM token below GHS 50 is GHS 0.5, and an amount more than GHS 50 up to GHS 400 is 1% of the amount. Meaning you’ll multiply the amount by 0.01.

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MTN Mobile Money has advanced to become the commonly used mobile money service in Ghana after its launch in 2009 by MTN Ghana.

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