Moneygram Customer Appreciation event

Ghana MoneyGram Agents Visit Ghanaians in Five Cities; Ghana Network Expansion Provides More Choices for Consumers

Minneapolis, Minn. (July 23, 2008) ? MoneyGram International will tour five cities in seven days with executives from MoneyGram's newest agent banks in Ghana. In the last year, four Ghana banks have become MoneyGram agents and have increased locations across the country sixfold, providing more choices for customers to receive funds close to home.
Participating in the tour are Merchant Bank, First Atlantic Bank and United Bank for Africa. The tour begins in Chicago on July 26 and travels to Toronto, Atlanta, Washington, D.C. and concludes in New York on Aug. 1.

The banks' executives, who are accompanied by MoneyGram executives during the tour, are also attending community events such as the Annual Ghanafest in Chicago. They also expect to visit some of the local MoneyGram agents serving Ghanaians in many of the cities.

The Ghana bank leaders are coming to talk to local community leaders, introduce themselves, and their individual services. During the tour, MoneyGram will host town hall meetings for the agents and customers that rely on money transfer to Ghana.

"Each of these banks offers services that appeal to Ghanaian immigrants," explained Beryl Opondo, North America senior marketing manager for Africa markets. "The locations operated by these banks include MoneyGram Red Shops dedicated to MoneyGram services operated by United Bank of Africa and convenient services in Ghana Telecom 'Care 4U' centers operated by First Atlantic Bank that provides money transfer service outside a bank environment. Also, Merchant Bank offers Saturday hours at select locations. Along with our other Ghana agents, Ghana Commercial Bank and SG-SSB, these agent banks provide great convenience for Ghanaian's receiving funds."

The expansion of MoneyGram's network in Ghana is important to providing more choices for customers in Ghana to manage their financial needs. MoneyGram's convenient, reliable and affordable money transfer service is available in as little as 10 minutes depending on agent hours of operation. In addition, MoneyGram provides low pricing to Ghana with up to $500 sent from the U.S. or Canada for only a $9.99 fee in respective currency. Special pricing is available in select cities including New York and Atlanta where up to $100 can be sent for only an $8 fee. In addition to the transfer fee, a currency exchange rate applies.

MoneyGram Standard U.S. and Ontario Canada Pricing


$1 to $500
$501 to $1000

U. S. To Ghana
$9.99 fee*
$14.99 fee*

Ontario, Canada to Ghana
C$9.99 fee*
C$14.99 fee*






*In addition to the transfer fee, a currency exchange rate applies.

MoneyGram has been expanding its network in Africa over the last few years and now has more than 5,400 money transfer agent locations throughout the continent. The global MoneyGram network is now at 152,000 money transfer agent locations in 180 countries and territories.

About MoneyGram International, Inc.

MoneyGram International, Inc. is a leading global payment services company. The company's major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram is a New York Stock Exchange listed company with approximately 152,000 global money transfer agent locations in 180 countries and territories.