The Bank of Ghana has ordered an immediate suspension of a proposed 0.75 per cent transaction fee on direct wallet-to-bank mobile money transfers, days before it was scheduled to take effect.
The apex bank directed Mobile Money Fintech Limited (MMFL) to pause the rollout of the tariff, which was initially slated to commence on 1st June 2026.
The fee has been placed on hold indefinitely to allow for comprehensive consultations among industry stakeholders.
According to an official statement issued by the central bank’s Communications Department, the intervention is designed to safeguard the stability of the digital payment architecture and protect public interests.
“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 read.
The suspension provides immediate relief to millions of digital financial service users across the country, who rely heavily on mobile money networks for daily commercial and personal transactions.
Industry experts view the central bank’s regulatory pause as a critical move to maintain consumer confidence and ensure that financial inclusion gains are not eroded by sudden transaction cost increments.
The Bank of Ghana indicated that the tariff remains frozen until exhaustive stakeholder dialogue is concluded and alternative regulatory assessments are finalised.