The Bank of Ghana has directed Mobile Money Fintech Ltd a subsidiary of the MTN Group to suspend the implementation of its proposed 0.75 percent fee on direct wallet-to-bank transfers.
In a statement released on Tuesday May 26th 2026 the Central Bank announced that the fee which was supposed to be implemented effective June 1,2026 is currently undergoing considerations after which it will be determined if it should be implemented or not.
The Central Bank added that this move is being put in place to ensure “ changes to charges in the mobile financial services ecosystem are introduced fairly, protect consumers, and support their financial wellbeing” .
This comes after Mobile Money Fintech Ltd a subsidiary under the MTN Group announced plans to introduce a 0.75 percent fee on all direct wallet-to-bank transfers effective 1st June 2026.
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