Telecommunications company MTN Ghana has announced the introduction of new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, with the revised fee structure scheduled to take effect from June 1, 2026.
In a message sent to customers on Monday, the company indicated that all transfers from MoMo wallets to bank accounts will now attract a charge of 0.75 percent per transaction, subject to a maximum limit of GHS 5 per transfer.
The notice stated: “From 1 June 2026, transfers from your MoMo Wallet to bank accounts will attract a fee of 0.75% per transaction, capped at GHS 5.”
According to MTN Ghana, the introduction of the revised charges is intended to support service improvement and ensure continued efficiency in the delivery of mobile financial services to customers across the country.
The announcement is expected to generate widespread public discussion, particularly among Mobile Money users who depend heavily on MoMo-to-bank transfers for business operations, salary payments, savings movements, and day-to-day financial transactions.
Under the new structure, customers will incur a percentage-based deduction when transferring funds from their mobile wallets into bank accounts, although the total fee per transaction will not exceed the GHS 5 cap, regardless of the amount transferred.
The development marks another adjustment in Ghana’s evolving mobile financial services landscape, where digital transactions continue to play a central role in commerce and personal banking activities.
