The Minority in Parliament has demanded urgent accountability from the Finance Minister, Dr. Cassiel Ato Forson over the recently suspended 0.75% charge on Mobile Money-to-bank transfers, describing the circumstances surrounding its introduction as unacceptable and demanding full disclosure in Parliament.
Addressing the media in Parliament on Tuesday, May 26, Minority Leader, Alexander Afenyo-Markin said the opposition was not satisfied with the Bank of Ghana’s decision to suspend the fee, insisting that the real issue was how the charge was introduced in the first place.
His comments come in the wake of public backlash and the subsequent directive by the Bank of Ghana to suspend the proposed levy on wallet-to-bank transactions pending further consultations with stakeholders.
The proposed charge, originally scheduled to take effect on June 1, 2026, has been put on hold to allow for broader stakeholder engagement and review.
However, Afenyo-Markin has questioned the propriety of the levy, calling for clarity on the rollout of the Mobile Money-to-bank transfer charges.
The Minority Leader called for the Finance Minister to appear before Parliament on Thursday, May 28, to explain the policy process that led to the proposed charge, stressing the need for clarity on the imposition.
“The NDC is using the Bank of Ghana and a private sector company to enforce this levy. We have a question for the Finance Minister, he must immediately come to Parliament on Thursday to explain the circumstances leading to the imposition of this 0.75% charges on Mobile Money transactions. We are not interested in the suspension, we are interested in how come but for the public outcry they were going to spring this surprise on the Ghanaian public,” he said.
He argued that the suspension did not address what he described as deeper governance concerns around transparency and public consultation in the introduction of financial policies.
“So in conclusion we are saying that NDC is a scam; It’s a government of settings, they don’t believe in what they say. It says one thing and does another. It doesn’t keep its promise, it is a government of propaganda,” he added.
The controversy surrounding the 0.75% charge has triggered widespread public debate, with stakeholders in the financial and logistics sectors warning of its potential impact on digital transactions and the cost of doing business.
The Bank of Ghana has since suspended the fee, pending further stakeholder consultations.
