The Bank of Ghana has stepped in to halt the planned introduction of a 0.75 per cent charge on direct wallet-to-bank transfers by Mobile Money Fintech Limited (MMFL), following a wave of public concern and debate.
MMFL had announced that the new fee would be implemented starting June 1, 2026, sending ripples across the digital payments landscape. Many Ghanaians voiced worries about how the extra charge could discourage mobile money transactions, undermine financial inclusion, and increase the cost of accessing digital financial services.
Responding to the mounting concerns, the central bank issued a statement on Tuesday, May 26, 2026, directing MMFL to put the proposal on hold. The Bank of Ghana emphasized the need for broader stakeholder engagement and a thorough review of the planned fee.
According to the central bank, any changes to charges within the mobile money ecosystem must be approached with caution to safeguard consumers’ interests and ensure the continued growth and fairness of the mobile financial services sector. The Bank of Ghana reiterated its commitment to protecting users and supporting their financial well-being.
While the central bank’s intervention has temporarily paused the fee, it remains unclear when the consultation process will be completed or whether the proposed charge will be revised, approved, or scrapped altogether. For now, customers and industry stakeholders await the outcome of further discussions and the future direction of mobile money fees in Ghana.
