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Bank of Ghana Halts MTN's 0.75% Mobile Money Transfer Fee Before June 1 Rollout

GateNews

2026-05-26 19:32:47

According to the Bank of Ghana, on Tuesday, the central bank directed Mobile Money Fintech Limited (MMFL), MTN Ghana's mobile money subsidiary, to suspend a proposed 0.75% fee on wallet-to-bank transfers pending industry consultations. The fee was originally scheduled to take effect on June 1. BoG said it will continue consultations with stakeholders before making a final decision on the proposed fee structure.

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