By: Nana
Appiah Acquaye
The Bank of Ghana has
directed Mobile Money Fintech Limited (MMFL) to suspend the implementation of a
proposed 0.75 percent fee on direct wallet-to-bank transfers, following a
decision to place the policy on hold for further stakeholder consultations.
According to a press release
issued by the Bank’s Communications Department, the fee was originally
scheduled to take effect on 1 June 2026 but has now been suspended to allow for
broader engagement and review.
The central bank stated that
the decision reflects its commitment to ensuring that changes within the mobile
financial services ecosystem are introduced in a fair and transparent manner,
with a focus on protecting consumers and safeguarding financial wellbeing.
The proposed charge had
generated attention within Ghana’s digital financial services space due to its
potential implications for mobile money transactions and interoperability
between wallets and bank accounts.
The Bank of Ghana indicated
that further consultations will be conducted with relevant stakeholders before
any final decision is made regarding the implementation of the fee structure.
The statement reaffirmed the
central bank’s broader mandate of maintaining stability within the financial
sector while supporting innovation and inclusion in Ghana’s rapidly expanding
digital payments ecosystem.
