The Bank of Ghana has directed Mobile Money Fintech Limited to suspend its proposed 0.75% fee on direct wallet-to-bank transfers, halting a charge that had been set to take effect on June 1, 2026.
In a press release issued on Tuesday, May 26, 2026, the central bank said the suspension was to allow for broader stakeholder engagement and review, and formed part of efforts to ensure fairness in the mobile financial services ecosystem.
“This decision reflects our commitment to ensuring that any changes to charges in the mobile financial services ecosystem are introduced fairly, protect consumers, and support their financial wellbeing,” the Bank of Ghana stated.
The proposed fee had sparked public debate over its potential impact on digital transactions and financial inclusion. The Bank of Ghana did not indicate when the consultations would conclude or whether the fee would eventually be revised or withdrawn entirely.
Read the full statement below:
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