Telecommunications company MTN Ghana has announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, set to take effect from June 1, 2026.
In a text message sent to customers on Monday, the company said MoMo-to-bank account transfers will now attract a fee of 0.75% per transaction, capped at GHS 5.
The message stated: “From June 1, 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 new charge is intended to support improvements in service delivery.
“This will help us continue to serve you better,” the company said.
The announcement is likely to spark discussions among mobile money users, particularly business owners and individuals who rely on MoMo-to-bank transfers for daily transactions, salary payments, and other financial activities.
Under the new arrangement, customers transferring money from their MoMo wallets into bank accounts will pay a percentage-based fee, although the amount charged on a single transaction will not exceed GHS 5.
