Minority Fires Government Over Suspended 0.75% MoMo-to-Bank Transfer Charge | Discuss Ghana

The parliamentary arena has erupted into a fierce fiscal dispute following the Bank of Ghana’s (BoG) sudden directive ordering Mobile Money Fintech Limited (MMFL) and MTN to halt a controversial, planned 0.75% fee on direct wallet-to-bank mobile money transfers.

Reacting aggressively to the development, the New Patriotic Party (NPP) Minority Caucus has launched a scathing assault on the administration, declaring that the National Democratic Congress (NDC) government is operating a "scam" and functioning as a "government of settings" that relies on double standards to run the national economy.

The Anatomy of the Suspended Fee

The political firestorm was ignited after telecom users received official notifications from service providers indicating that starting June 1, 2026, direct transfers from mobile money wallets into formal bank accounts would no longer be free.

The proposed pricing matrix would have introduced a 0.75% charge capped at GH¢5 per transaction. While the Central Bank swiftly stepped in to suspend the implementation pending "further stakeholder consultations," the Minority Caucus maintains that the mere introduction of the fee exposes a massive, systemic deception at the heart of the administration’s economic policy:

The Backdoor Reintroduction: Addressing a high-stakes media briefing in Parliament, Minority Leader Alexander Afenyo-Markin accused the government of attempting to surreptitiously reintroduce the highly unpopular Electronic Transfer Levy (E-Levy) through the backdoor.

The Broken Promise: Pundits and opposition lawmakers noted the extreme hypocrisy of the move, reminding the public that the NDC built its entire 2024 election campaign on the absolute, uncompromising promise to completely abolish digital transaction taxes and alleviate the financial burden on ordinary Ghanaians.

"A Government of Settings and Schemes"

Commanding the press center layout, the Minority leadership refused to accept the Central Bank’s suspension as a defense, arguing instead that the executive branch intentionally permitted the fintech tracking framework to test public patience.

The opposition caucus has officially demanded that Finance Minister Dr. Cassiel Ato Forson be hauled before the house immediately to provide full disclosure regarding the administration’s hidden digital tax agenda:

"The hypocrisy of this government has officially become legendary. They went around this country telling Ghanaians that digital taxes were criminal, promising to protect mobile money wallets for the poor. Today, we are seeing the raw truth. The NDC is a certified scam, and a government of settings.

They tried to quietly sneak a 0.75% charge on MoMo-to-bank transfers without parliamentary approval, hoping the public wouldn't notice. This is a clear, unadulterated double standard. You cannot claim to protect financial inclusion while actively greenlighting schemes that punish citizens for moving money from their wallets to their banks. The Finance Minister must appear before this House to explain who authorized this backdoor levy."