BETAOn Monday, May 25, 2026, MTN Ghana sent a text message to millions of customers announcing a 0.75 percent fee on wallet-to-bank transfers, set to take effect on June 1, 2026.
A Google employee has been arrested for allegedly using his access to company information to successfully place lucrative bets on the prediction platform Polymarket.
Oil prices have jumped after the US carried out new attacks on Iran, targeting a military site in Bandar Abbas, a strategic port city.
Ghana has ranked 17th among 193 United Nations (UN)-recognised nations in a newly released comprehensive audit of global business process outsourcing (BPO) ecosystems, placing the country among the world’s elite investment destinations.
OmniBSIC Bank Ghana Limited and Indelible, the nature fintech infrastructure company behind Pay2Nature, have signed a strategic partnership to embed nature finance into the bank's corporate banking operations in a market first for Ghana and for African banking. Under the agreement, OmniBSIC Bank's corporate banking team will deploy Pay2Nature to route micro-contributions from everyday payment transactions to verified conservation and biodiversity projects across Africa, connecting corporate clie
CUTS International Accra, a leading public policy think tank on consumer protection and competition policy advocacy organisation has commended the Bank of Ghana (BoG) for its prompt intervention in suspending the proposed 0.75% wallet-to-bank transfer fee announced by Mobile Money Fintech Limited (MMFL), the operator of MTN Mobile Money (MoMo). The fee, which was scheduled […]
Ghana's tax environment in 2025 was defined by a single, overriding imperative which was fiscal consolidation under sustained macroeconomic pressure. The legislative and administrative measures introduced by the Government of Ghana and the Ghana Revenue Authority (GRA) were significantly influenced by International Monetary Fund (IMF) programme conditionalities, post-debt restructuring considerations , and the familiar tension between revenue mobilisation and private sector competitiveness. Some
Ghana's tax architecture is becoming more data-driven, more enforcement-oriented and more ambitious than at any point in the country's modern fiscal history, according to the inaugural 2026 Tax Outlook published by law firm Bentsi-Enchill, Letsa & Ankomah. The comprehensive analysis, released as the country approaches the formal conclusion of its International Monetary Fund programme expected in August 2026, warns that the compliance environment for businesses and individuals is shifting fundame
Ghana's tax environment in 2025 was defined by a single, overriding imperative which was fiscal consolidation under sustained macroeconomic pressure. The legislative and administrative measures introduced by the Government of Ghana and the Ghana Revenue Authority (GRA) were significantly influenced by International Monetary Fund (IMF) programme conditionalities, post-debt restructuring considerations , and the familiar tension between revenue mobilisation and private sector competitiveness. Some
The Acting Director of the Institute of Mining Research and Governance (IMRIG) at the University of Mines and Technology, Dr. Frank Boateng, is calling for increased Ghanaian participation in the country’s extractive sector, arguing that broader local ownership is critical to ensuring that more citizens and mining communities benefit from Ghana’s natural resources.
The Bank of Ghana has directed Mobile Money Fintech Limited to pause the implementation of its 0.75% fee on direct wallet-to-bank transfers.
The Bank of Ghana has directed Mobile Money Fintech Limited to suspend its proposed 0.75 per cent fee on direct wallet-to-bank transfers, the central bank announced on Tuesday, May 26, 2026. The fee was scheduled to take effect on June 1, 2026, but has been put on hold to allow for further consultation. The decision follows an announcement by MTN Ghana on Monday, May 25, informing subscribers that transfers from MoMo wallets to bank accounts would attract a 0.75 per cent charge per transaction,
President of Groupe Nduom, Dr Nana Kweku Nduom, has indicated that GN Savings and Loans could resume operations before the end of 2026 following the restoration of its licence by the Court of Appeal. Speaking in an interview on Monday, May 25, Dr Nduom said the reopening of the institution would depend on the completion […]
MTN Group has reaffirmed its commitment to Africa’s development, digital transformation and youth empowerment as the company marked Africa Day with a strong call for unity and investment across the continent.
Telecommunications giant MTN Ghana has informed its millions of Mobile Money subscribers that the long-standing convenience of free transfers from MoMo wallets to bank accounts will come to an end on June 1, 2026. In a text message dispatched to customers on the evening of Monday, May 25, 2026, the company announced that all transfers from MoMo wallets to bank accounts will now attract a fee of 0.75 percent per transaction. Bank of Ghana suspends proposed MTN MoMo-to-bank transfer fee The charge
Telecommunications giant MTN Ghana has announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, set to take effect from June 1, 2026.
Her name does not matter. You know her already. She wakes up before five every morning. She is at the market by six. She knows every supplier by name, negotiates prices in three languages, manages stock, handles cash, extends informal credit to loyal customers, and by the end of the day has turned a clean profit consistently, week after week, year after year. She has been doing this for nine years. She wants to expand. She has found a second location. She has done the numbers in her head and the
The Bank of Ghana has paused its streak of cuts in the policy rate to insulate the economy from a deteriorating global environment as pressure builds on the cedi, exposing the fragility beneath the country’s strongest macroeconomic recoveries in years. The decision by the central bank to hold the Monetary Policy Rate at 14 per cent signals a shift in focus from domestic crisis management toward defending recent stabilisation gains against rising external shocks, currency volatility and surging o
The launch of the 24H+ Economy portal marks another important step in Ghana’s attempt to reposition its economy around production, exports and industrial growth. By opening the programme to farmers, manufacturers, traders, transport operators, investors and young entrepreneurs, the government is signalling that the success of the 24-hour economy will depend not only on policy direction but also on broad private sector participation. Graphic Business believes the portal represents more than a dig
United Bank for Africa (UBA) has announced plans to leverage its over $20 billion balance sheet to support businesses in Ghana and help sustain the country’s improving macroeconomic recovery. The Group Managing Director (GMD) of United Bank for Africa, Oliver Alawuba, who made the remarks at a customer forum in Accra on May 20, stated that the bank was ready to deepen partnerships with companies by providing financial support, technical expertise and market access opportunities across Africa. He