Minority wants BoG to scrap 0.75% MoMo fee plan completely
The Minority in Parliament has called for a permanent halt to mobile money transaction charges, intensifying pressure on regulators over a controversial fee structure linked to digital financial services. The opposition caucus is demanding an unconditional ban on any wallet-to-bank or bank-to-wallet charges unless expl...

The Minority in Parliament has called for a permanent halt to mobile money transaction charges, intensifying pressure on regulators over a controversial fee structure linked to digital financial services.
The opposition caucus is demanding an unconditional ban on any wallet-to-bank or bank-to-wallet charges unless explicitly approved by an Act of Parliament.
The dispute follows an emergency directive by the Bank of Ghana ordering Mobile Money Fintech Limited to suspend the planned 0.75 per cent transaction fee pending consultations.
Minority Leader Alexander Afenyo-Markin said the suspension was not sufficient, insisting that any attempt to introduce levy-like charges outside parliamentary approval violates the Constitution.
He called for the Bank of Ghana to completely dismantle the policy framework underpinning the charges.
The Minority has also urged the Attorney-General to issue a constitutional interpretation on the legality of imposing tax-equivalent fees through fintech operators without parliamentary oversight.
Afenyo-Markin further demanded that the Finance Minister appear before Parliament to explain the origin and approval process of the suspended charges.
He argued that any attempt to bypass Parliament in the imposition of levies undermines public trust and constitutional procedures.
The Minority has warned that if investigations reveal executive involvement in the proposed fees, the government should issue a formal apology to Ghanaians.
The Bank of Ghana has yet to issue a substantive public response to the Minority’s latest demands.