{"id":120271,"date":"2026-05-26T10:28:30","date_gmt":"2026-05-26T10:28:30","guid":{"rendered":"https:\/\/sotnews.agency\/?p=120271"},"modified":"2026-05-26T10:28:30","modified_gmt":"2026-05-26T10:28:30","slug":"bog-directs-mtn-to-halt-0-75-charge-on-momo-to-bank-transfers-from-june-1","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=120271","title":{"rendered":"BoG directs MTN to halt 0.75% charge on MoMo-to-bank transfers from June 1"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 27 Second <\/div>\n\n <\/div>
\n

The Bank of Ghana has directed Mobile Money Fintech Limited to pause the implementation of its 0.75% fee on direct wallet-to-bank transfers.<\/p>\n

According to a statement issued by the Bank of Ghana, it has called for a pause in the implementation of the fee, which was expected to take effect from June 1, 2026, to allow for further consultation.<\/p>\n

\u201cThis 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 well-being.\u201d<\/p>\n

Background<\/strong><\/p>\n

Telecommunications giant MTN Ghana, on May 25, 2026, announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, effective June 1, 2026.<\/p>\n

In a text message sent to customers on Monday, MTN said transfers from MoMo wallets to bank accounts will now attract a fee of 0.75 percent per transaction, capped at GHS 5.<\/p>\n

According to MTN, the move \u201cwill help us continue to serve you better.\u201d<\/p>\n

JOY BUSINESS is learning that the charge will only affect customers and does not affect agents and merchants.<\/p>\n

Sources close to MTN had argued that it had become necessary to introduce this charge due to the growing gap in the pricing structure.<\/p>\n

The source tells JOYBUSINESS that \u201cwhen customers go to an agent to do a cash-in or when a customer receives funds from GhIPSS, MTN incurs a cash-in cost by way of commission to agents or a GhIPSS fee when we receive funds.\u201d<\/p>\n

We are also learning that \u201cwhen these customers eventually push this fund into their bank account in the current dispensation, MTN completely loses out.\u201d<\/p>\n

This, sources say, is to correct the anomaly and align with the fee practice in the banking channel.<\/p>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
The Bank of Ghana has directed Mobile Money Fintech Limited to pause the implementation of its 0.75% fee on direct wallet-to-bank transfers.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1264,1904,12,6508,2578,1978,5783,18259,2967,10,9],"tags":[],"class_list":["post-120271","post","type-post","status-publish","format-standard","hentry","category-bank-of-ghana","category-banking-and-finance","category-business","category-comp-business","category-composition","category-hp-business-1","category-momo","category-momo-to-bank-transfers","category-mtn","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/120271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120271"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/120271\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}