Ghana’s central bank suspends proposed MTN mobile money transfer fee

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…