Telecommunications company MTN Ghana has announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, with the changes set to take effect from June 1, 2026.
In a text message sent to customers on Monday, the company said users will now be required to pay a transaction fee when moving funds from their MoMo wallets into bank accounts.
The message stated, “From 1 June 2026, transfers from your MoMo Wallet to bank accounts will attract a fee of 0.75% per transaction, capped at GHS 5.”
Under the new arrangement, customers will be charged 0.75 percent of the transaction value, although the fee will not exceed GHS 5 per transfer, regardless of the amount involved.
According to MTN Ghana, the introduction of the charge is aimed at sustaining and improving service delivery to its customers.
The company added that the move “will help us continue to serve you better.”
The announcement is expected to generate public reaction, particularly among Mobile Money users who frequently rely on MoMo-to-bank transfers for business payments, salary transactions, and everyday financial activities.
