Bank of Ghana Halts Proposed Mobile Money Bank Transfer Charge
The Bank of Ghana has halted the implementation of a proposed 0.75 percent fee on direct wallet-to-bank transfers by Mobile Money Fintech Limited (MMFL), which was scheduled to take effect on 1 June 2026.
The central bank issued the directive through its Communications Department on Tuesday, 26 May 2026, stating that the move has been suspended pending further consultations with stakeholders in the financial services sector.
The proposed charge would have applied to transactions made directly from mobile money wallets into bank accounts, but its rollout has now been put on hold to allow for broader engagement and review.
According to the Bank of Ghana, the suspension reflects its commitment to ensuring that any changes to charges within the mobile financial services ecosystem are introduced in a fair and transparent manner.
The Bank further noted that the decision is aimed at protecting consumers while promoting financial wellbeing and maintaining stability within the country’s growing digital payments space.
Further consultations are expected to determine the next course of action regarding the proposed fee.
