The Bank of Ghana 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 consultation.
In a press release issued on May 26, 2026, the central bank said the fee, which was scheduled to take effect on June 1, 2026, has been put on hold to allow for broader stakeholder engagement.
“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 Bank of Ghana, the decision is aimed at ensuring that any changes to charges within the mobile financial services ecosystem are introduced fairly while safeguarding consumers and supporting their financial wellbeing.
The central bank emphasized its commitment to protecting users of mobile financial services and ensuring transparency in decisions affecting digital financial transactions.
The announcement comes amid growing public concern over the potential impact of the proposed charge on mobile money users and digital banking transactions across the country.
The statement was issued by the Communications Department of the Bank of Ghana.
Story By: Eric Boateng
