The Bank of Ghana (BoG) has suspended a proposed fee on mobile money-to-bank transfers from MTN Ghana’s fintech unit, halting the charge before it could take effect on June 1.
In a statement on Tuesday, BoG said it has directed Mobile Money Fintech Limited (MMFL), MTN Ghana’s newly carved-out mobile money subsidiary, to suspend the proposed 0.75% fee on wallet-to-bank transfers pending further consultations with industry stakeholders.
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