Accra, Ghana – May 29, 2026 – The Minority Caucus in Parliament has intensified its opposition to the proposed 0.75 per cent fee on MTN mobile money transactions, demanding a permanent and unconditional cessation of any wallet-to-bank or bank-to-wallet transfer charges not explicitly sanctioned by an Act of Parliament. This demand comes after a week of regulatory intervention by the Bank of Ghana (BoG), which issued an emergency directive ordering Mobile Money Fintech Limited (MMFL) to suspend the planned fee implementation pending further stakeholder consultations.
Context of the Dispute
The controversy ignited following MMFL’s announcement of a planned 0.75 per cent transaction fee on specific mobile money transfers. This move was met with immediate public outcry and concern from parliamentary opposition, who viewed it as a potential burden on ordinary Ghanaians and a deviation from prior political assurances to support the digital economy.
The Bank of Ghana’s intervention, though welcomed by the Minority as a temporary reprieve, was deemed insufficient. The central bank’s directive highlighted the need for broader consultation, indicating that the fee’s introduction was premature and lacked adequate stakeholder engagement.
Minority’s Stance and Legal Challenges
Addressing the press in Parliament on Friday, Minority Leader Alexander Afenyo-Markin asserted that a temporary suspension is not enough. He insisted that the policy framework enabling such charges must be dismantled unless the executive branch formally introduces a bill for parliamentary approval.
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