The Bank of Ghana has directed Mobile Money Fintech Limited (MMFL) to suspend implementation of its proposed 0.75 per cent fee on direct wallet-to-ban
The Bank of Ghana has directed Mobile Money Fintech Limited (MMFL) to suspend implementation of its proposed 0.75 per cent fee on direct wallet-to-bank transfers pending further consultations.
In a press release issued on Tuesday, 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 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 percent fee on direct wallet-to-bank transfers,” the statement said.
According to the Bank of Ghana, the decision forms part of efforts to ensure fairness within the mobile financial services ecosystem while protecting consumers and supporting their financial well-being.
“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 statement added.
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