The Bank of Ghana (BoG) has directed Mobile Money Fintech Limited (MMFL) to suspend the implementation of its proposed 0.75 percent fee on direct wallet-to-bank transfers pending further consultations.
The proposed charge, which was scheduled to take effect from June 1, 2026, has now been placed on hold following concerns raised over its potential impact on mobile money users and the broader financial ecosystem.
In a press release issued on Tuesday, May 26, 2026, the central bank said the suspension was necessary to allow for further engagement and consultation on the proposed fee structure.
“The Bank of Ghana informs the public that Mobile Money Fintech Limited (MMFL) has been directed to pause the implementation of its proposed 0.75 percent fee on direct wallet-to-bank transfers,” the statement said.
According to the BoG, the decision forms part of efforts to ensure that any adjustments to charges within the mobile financial services sector are introduced fairly and in a manner that protects consumers.
“This decision reflects our commitment to ensuring that any changes to charges in the mobile financial services ecosystem are introduced fairly, protect consumers, and support their financial wellbeing,” the statement added.
The announcement comes barely a day after MTN Ghana informed customers via text message about the introduction of the new charge, which sparked public debate and criticism on social media.
The suspension is expected to ease public concerns over rising digital transaction costs, particularly as mobile money remains a key driver of financial inclusion and everyday commerce in Ghana.
