Ban MoMo wallet-to-bank charges without parliamentary approval — Minority to BoG
Published . Category: Finance.
The Minority in Parliament is demanding a permanent ban on any wallet-to-bank or bank-to-wallet transfer charges that were introduced without parliamentary app…
The Minority in Parliament is demanding a permanent ban on any wallet-to-bank or bank-to-wallet transfer charges that were introduced without parliamentary approval, following public backlash over Mobile Money Fintech Limited’s proposed 0.75% levy on MoMo transactions. The call came after the Bank of Ghana ordered Mobile Money Fintech Limited to suspend the planned charge indefinitely, pending broader stakeholder consultations. The BoG directive was meant to pause implementation until concerns…