The Minority in Parliament has launched a strong attack on the governing National Democratic Congress (NDC) following the suspension of the proposed 0.75 per cent Mobile Money-to-bank transfer charge, describing the administration as “a scam” and “a government of settings.”
Minority Leader Alexander Afenyo-Markin made the remarks during a press conference in Parliament on Tuesday, May 26, while reacting to the decision by the Bank of Ghana to halt the implementation of the controversial fee.
According to him, the suspension of the charge does not address broader concerns about transparency, coordination, and public consultation surrounding the introduction of financial policies affecting Ghanaians.
“The NDC is using the Bank of Ghana and a private sector company to enforce this levy. We have a question for the Finance Minister, he must immediately come to Parliament on Thursday to explain the circumstances leading to the imposition of this 0.75% charges on Mobile Money transactions. We are not interested in the suspension, we are interested in how come but for the public outcry they were going to spring this surprise on the Ghanaian public,” Afenyo-Markin stated.
He further intensified his criticism of the government, saying: “So in conclusion we are saying that NDC is a scam; It’s a government of settings, they don’t believe in what they say. It says one thing and does another. It doesn’t keep its promise, it is a government of propaganda.”
The comments come after the Bank of Ghana directed Mobile Money Fintech Limited (MMFL) to suspend the planned implementation of the new charge on direct wallet-to-bank transfers.
The fee, which was expected to take effect on June 1, 2026, has been put on hold to allow for further stakeholder consultations.
In a statement, the central bank said the decision was intended to ensure fairness within the mobile financial services ecosystem while protecting consumers and promoting financial wellbeing.
Earlier, MTN Ghana had informed customers through text messages that transfers from Mobile Money wallets to bank accounts would attract a 0.75 per cent fee per transaction, capped at GH₵5.
The telecommunications company explained that the fee would apply strictly to wallet-to-bank transfers, while existing charges on wallet-to-wallet transactions and agent cash-in and cash-out services would remain unchanged.
Under the proposed structure, a transfer of GH₵100 would attract a charge of 75 pesewas, while transactions valued at GH₵667 or more would reach the maximum fee cap of GH₵5.
The announcement triggered widespread public backlash, with many users questioning the timing and impact of the new charge amid growing concerns about the cost of digital financial services in Ghana.
The proposed fee also represented a major policy shift for MTN Ghana, as customers had previously been able to transfer funds from their MoMo wallets to their own bank accounts without incurring charges.
With the implementation now suspended, attention is expected to shift to further consultations between regulators, financial service providers, and other stakeholders over the future of digital transaction fees in the country.
