On Tuesday, May 26, the Minority and Majority Leaders in Parliament engaged in a confrontation at the commencement of parliamentary proceedings regarding the proposed 0.75 percent fee on wallet-to-bank transfers.
This disagreement led Speaker of Parliament, Alban Bagbin, to instruct that certain parts of the dialogue be removed from the official parliamentary records.
Prior to the start of the proceedings, Minority Leader Alexander Afenyo-Markin took the floor to address the proposed fee, contending that the government was attempting to reintroduce the contentious Electronic Transfer Levy (E-Levy).
In response, Majority Leader Mahama Ayariga challenged these remarks, labeling Afenyo-Markin’s statements as an act of lawlessness and asserting that it was not the suitable moment to bring this issue before Parliament.
The exchange between the two leaders momentarily interrupted the proceedings until the Speaker intervened and ordered the comments to be expunged from the records.
In the meantime, the Bank of Ghana (BoG) has instructed Mobile Money Fintech Limited (MMFL) to halt the implementation of the proposed 0.75 percent fee on direct wallet-to-bank transfers while further consultations are conducted.
The proposed fee, which was initially set to be implemented on June 1, 2026, has been postponed to facilitate wider stakeholder engagement and review.
The wallet-to-bank transfer fee announced by MMFL has ignited public discourse regarding its potential effects on digital transactions and financial inclusion.
In a press release dated Tuesday, May 26, 2026, the central bank stated that this decision is part of efforts to promote fairness within the mobile financial services ecosystem while safeguarding consumers.
