MTN Ghana has announced new charges for transferring money from Mobile Money (MoMo) wallets to bank accounts.
The new fees will start on 1 June 2026.
In a message sent to customers on Monday, MTN said that every transfer from a MoMo wallet to a bank account will now attract a fee of 0.75% of the amount being sent.
However, the highest fee a customer can pay for one transaction is GHS 5.
MTN explained that the new charge is part of efforts to improve its services for customers.
The new decision is expected to cause discussions among MoMo users in Ghana, especially individuals and businesses that depend on MoMo-to-bank transfers for daily transactions, salary payments, and other banking activities.
With the new system, customers will pay a small percentage whenever they move money from their MoMo wallets into bank accounts, but no transaction will be charged more than GHS 5.
MTN has not yet given more details about why the new charges are being introduced apart from the customer notice.
