MTN Ghana has announced the introduction of new transaction fees on transfers from Mobile Money (MoMo) wallets to bank accounts, effective June 1, 2026.
In a text message sent to subscribers on Monday, the telecom company informed customers that all MoMo-to-bank transfers will attract a charge of 0.75 percent per transaction. However, the fee on any single transaction will be capped at GHS 5.
According to the message, the new charges are being introduced to help the company continue improving its services for customers.
The decision is likely to generate public discussion, especially among individuals and businesses that frequently use mobile money transfers for daily transactions, salary payments, and other banking activities.
Under the new pricing structure, customers transferring money from their MoMo wallets into bank accounts will pay a percentage-based fee, although no transaction will incur charges above the maximum limit of GHS 5.
Source: myjoyonline.com
