The update concerns regulatory framework changes affecting mobile money wallets and their interoperability with bank accounts, which falls within e-money regulation and safeguarding of stored value.
The proposed fee structure directly impacts acquiring and payment processing relationships between mobile money operators and banks, making it relevant to payment processors and acquiring infrastructure.
Specialism
The proposed 0.75 percent fee on wallet-to-bank transfers is a surcharge mechanism applied to specific payment methods, which directly aligns with surcharging regulation.
Low confidence — requires human review. The suspension and consultation process reflects supervisory engagement with stakeholders, though the primary focus is the fee structure rather than ongoing oversight.
2026-05-27 08:39:12·rghosh@vixio.com
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TITLE: Bank of Ghana Suspends Proposed 0.75 Percent Wallet-To-Bank Transfer Fee Pending Further Consultation
BODY:
On May 26, 2026, the Bank of Ghana announced the suspension of a proposed 0.75 percent fee on wallet-to-bank transfers pending further consultation with stakeholders. The central bank had previously proposed implementing this fee as part of its regulatory framework governing digital financial services and mobile money transactions.
The suspension reflects the Bank of Ghana's commitment to engaging with industry participants and consumers before implementing significant changes to the payments ecosystem. The proposed fee would have applied to transfers between mobile money wallets and bank accounts, affecting financial service providers, banks, and end-users reliant on digital payment channels. The central bank indicated it would conduct additional consultation to assess the impact of the fee on financial inclusion, payment system efficiency, and consumer behaviour. This engagement is intended to gather feedback from commercial banks, mobile money operators, fintech companies, and consumer representatives to inform the final policy decision.
The Bank of Ghana will resume consideration of the wallet-to-bank transfer fee following the consultation period. Stakeholders requiring further information on the proposed fee or wishing to submit comments should monitor the Bank of Ghana's official communications for details on the consultation process timeline and submission procedures. The central bank is expected to publish its findings and final policy determination following the completion of stakeholder engagement.
Press Release – Suspension of Proposed 0.75 Percent Wallet-To-Bank Transfer Fee Pending Further Consultation – Bank of Ghana Skip to content NEWS Home News Press Release – Suspension of Proposed 0.75 Percent Wallet-To-Bank Transfer Fee Pending Further Consultation Press Release – Suspension of Proposed 0.75 Percent Wallet-To-Bank Transfer Fee Pending Further Consultation Download Download May 26, 2026 Press Release – Suspension of Proposed 0.75 Percent Wallet-To-Bank Transfer Fee Pending Further Consultation May 18, 2026 Financial Stability Review 2025 May 6, 2026 Notice of 130th Monetary Policy Committee Meetings May 5, 2026 2025 Financial Statements: Questions and Answers May 4, 2026 Statement on Engagement with X Platform Content Creators May 1, 2026 2025 Financial Statements April 17, 2026 Transcript of the 129th Monetary Policy Committee Meetings Press Briefing Held on 18 March 2026 April 14, 2026 Guidelines for the Operation of Vostro Accounts and Non-Resident Margin Accounts April 1, 2026 7-Year Government of Ghana Treasury Bonds Issuance Announcement April 1, 2026 Domestic Bond Programme Circular March 30, 2026 Frequently Asked Questions: The Virtual Asset Service Providers Act March 27, 2026 BI-Monthly Publication of Questions from The Media This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settings ACCEPT Reject Privacy & Cookies Policy Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Non-necessary Non-necessary Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. SAVE & ACCEPT