The Bank of Ghana (BoG) 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 stakeholder consultations.
According to a press release issued by the Central Bank on May 26, 2026, the fee was originally scheduled to take effect on June 1, 2026, but has now been placed on hold to allow for broader engagement and review.
“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 per cent fee on direct wallet-to-bank transfers,” the statement said.
The BoG explained that the decision forms part of efforts to ensure fairness in the mobile financial services ecosystem while protecting consumers from abrupt cost burdens.
The statement added that the suspension demonstrates the Bank’s commitment to ensuring that any changes to charges within the mobile money and digital banking space are introduced in a manner that safeguards consumer interests and supports financial well-being.
The proposed fee had generated public debate and concerns among mobile money users and financial technology stakeholders over its potential impact on digital transactions and financial inclusion.
The statement was issued by the Communications Department of the Bank of Ghana.
