The Bank of Ghana has directed Mobile Money Fintech Limited (MMFL) to suspend the implementation of a proposed 0.75 percent charge on direct wallet-to-bank transfers, in a move aimed at allowing broader stakeholder consultations before any final decision is taken.
The fee, which was initially scheduled to take effect on 1 June 2026, has now been placed on hold indefinitely as regulators engage industry players and consumer stakeholders on its potential implications for Ghana’s fast-growing mobile financial services ecosystem.
In a press release issued by the central bank’s Communications Department, the Bank of Ghana emphasized that the suspension reflects its commitment to ensuring that any adjustments to charges within the digital financial space are introduced in a manner that is fair, transparent, and protective of consumers.
“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.
“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,” it added.
The proposed levy had drawn attention within financial circles and among mobile money users, given the increasing reliance on digital wallets for everyday transactions.
