MTN makes U-turn; suspends new MoMo charges scheduled for July 1

Telecommunication giant, MTN Ghana has suspended its planned adjustments in Mobile Money (MoMo) charges scheduled for July 1, 2023.

Earlier, the telco said transactions up to GH¢2,000 were to see a one percent charge and a flat rate of GH¢20 for transactions above GH¢2,000.

But MTN now says the decision has been withdrawn.

“…The planned review of the cash-out fee for MoMo has been withdrawn. The current cash-out fee of 1%, capped at GH¢10 still remains and will be charged to your wallet. Do not pay any other fees. We apologise for any inconvenience this may have caused,” MTN Ghana said in a notice to its members.