Ghana MoMo Fee Tracker: the 0.75% wallet-to-bank fee status
MoMo wallet-to-bank transfers are still free. The 0.75% fee MTN announced for June 1, 2026 was suspended by the Bank of Ghana on May 26 pending consultation. Here is the full status, what you pay today on every network, and what happens next.
The 0.75% wallet-to-bank fee is SUSPENDED by the Bank of Ghana pending stakeholder consultation. MoMo-to-bank transfers remain FREE today. No consultation end date has been announced.
Primary source: Bank of Ghana press release (bog.gov.gh, May 26, 2026).
Timeline of the saga
- 2022-2025E-levy eraGhana ran a 1% electronic transfer levy (the e-levy, introduced in 2022, originally 1.5%). It made Ghanaians acutely fee-aware and politically sensitive to any new charge on mobile money.
- 26 Mar 2025E-levy repealedParliament approved the repeal of the e-levy on 26 March 2025; it became effective on 2 April 2025. Since then NO government levy applies to mobile money transfers.
- 25 May 2026MTN announces 0.75% wallet-to-bank feeMTN's Mobile Money Fintech Limited notified subscribers that direct wallet-to-bank transfers, previously free, would attract a 0.75% fee, capped at GH5 per transaction, effective 1 June 2026.
- 25-26 May 2026"A new e-levy?" backlashThe public framed the operator fee as "a new e-levy", and it sparked a parliamentary clash. The conflation of an operator fee with the repealed government tax is exactly what this tracker disambiguates.
- 26 May 2026Bank of Ghana suspends the feeThe Bank of Ghana issued a directive suspending the proposed 0.75% fee pending further stakeholder consultation, stating that changes to mobile financial charges must be introduced fairly and protect consumers.
- TodayConsultation openWallet-to-bank transfers remain free. No date has been announced for the conclusion of the consultation. This page is updated the day the Bank of Ghana announces an outcome.
What you actually pay today
Tariffs verified June 2026, consistent with our /ghana provider pages.
| Operator | P2P | To bank | Cash-out |
|---|---|---|---|
| MTN MoMo | ~0.75% above the free tier | FREE (0.75% suspended) | ~1% (GH0.50 under GH50; flat GH20 above GH2,000) |
| Telecel Cash formerly Vodafone Cash | Free wallet-to-wallet | FREE (proposal was MTN's) | ~1% (GH0.50 under GH50; flat GH20 above GH2,000) |
| AT Money formerly AirtelTigo Money | Free to GH100, then ~0.75% | FREE (proposal was MTN's) | ~1% (GH0.50 under GH50; flat GH20 above GH2,000) |
| E-levy (government tax) | GH0 — repealed April 2, 2025 | ||
The 0.75% on wallet-to-bank is suspended and does not apply. The 0.75% you may see on P2P is a separate wallet-to-wallet transfer fee, not the tax.
Is the e-levy back?
No. This is the central confusion in this story, and it is worth getting right.
The e-levy was a 1% GOVERNMENT TAX on electronic transfers (introduced in 2022). Parliament repealed it on March 26, 2025, effective April 2, 2025. It remains repealed: no government tax applies to mobile money transfers today.
The 0.75% that made headlines in May 2026 was an OPERATOR FEE — proposed by MTN's mobile money entity on one transfer type (wallet to bank), not a state tax. A headline claiming 'the government reintroduces e-levy' conflates the two. And even that operator fee is currently suspended by the Bank of Ghana.
In short: government tax (e-levy) = repealed and still repealed; operator fee (0.75% to bank) = proposed by MTN, then suspended by the Bank of Ghana. These are two different things.
What happens next
If the consultation lands on the 0.75% (capped at GH5) on wallet-to-bank transfers, a GH1,000 transfer to a bank would cost GH5 (the cap), and a GH200 transfer would cost GH1.50. We would flip the status to 'in force' with the effective date the day it is announced.
The Bank of Ghana and operators could agree on a lower rate, a different cap, or an exemption below a certain amount. We would publish the exact schedule and a worked example.
The proposal could be dropped, leaving wallet-to-bank transfers permanently free. The status would move to 'withdrawn'.
Our commitment: this page is updated the day the Bank of Ghana announces an outcome. The status box above is driven by our admin tool, with no wait for a site rebuild.
See also
Frequently asked questions
Is MoMo to bank transfer free now?
What is the 0.75% MoMo fee?
Is the e-levy back in Ghana?
When will the Bank of Ghana decide?
How much is MoMo cash-out now?
Did Telecel Cash and AT Money add the fee too?
Primary source: Bank of Ghana press release (bog.gov.gh). Facts verified June 2026 and paraphrased; no quote longer than a few words. Educational only — not financial advice. This page tracks the situation and will be updated when the Bank of Ghana decides.