No. The President signed the bill repealing e-levy on 2 April 2025. The 0.75% MoMo-to-bank fee was a different, proposed charge by the operator, and it is suspended.

MoMo to bank 0.75% fee and e-levy: what is true now

Q: Is the 0.75% MoMo to bank charge being charged?

No. MTN announced a 0.75% fee, capped at GH₵ 5, on wallet-to-bank transfers from 1 June 2026. On 26 May 2026 the Bank of Ghana told Mobile Money Fintech Limited to suspend it for more consultation. As of 3 October 2026 we found no report that the suspension has been lifted.

Q: Do I still pay to cash out MoMo?

Yes. Cash-out has its own fee. On MTN it is GH₵ 0.50 under GH₵ 50, 1% from GH₵ 50 to GH₵ 2,000 and GH₵ 20 flat from GH₵ 2,000, last checked 3 October 2026.

Last checked 3 October 2026. News changes, so look at the dates.

E-levy: gone. 0.75% MoMo-to-bank fee: suspended, not charged.

Two different things. People mix them up because the 0.75% news came out while many still remembered e-levy.

Charge	Where it stands
E-levy (government tax on electronic transfers)	Repealed. The President signed the repeal on 2 April 2025.
0.75% on MoMo to bank transfers (an MTN fee, not a tax)	Suspended on 26 May 2026. Not being charged.
Cash-out at an agent	Has its own fee. See the cash-out charges calculator.

E-levy

On Wednesday 2 April 2025 President Mahama signed the bills repealing the e-levy, the betting tax and the emissions levy (Presidency of Ghana). The Ghana Revenue Authority also published that the Electronic Transfer Levy was repealed in April 2025 (GRA). So there is no government e-levy on MoMo transfers.

The 0.75% MoMo to bank fee

25 May 2026. MTN Ghana told customers by text message that transfers from MoMo wallets to bank accounts would cost 0.75% per transfer, capped at GH₵ 5, from 1 June 2026 (MyJoyOnline, Pulse Ghana).
26 May 2026. The Bank of Ghana told Mobile Money Fintech Limited to suspend the fee until there is more talking with stakeholders (Graphic Online, Ecofin Agency).
Since then. Graphic wrote that transfers from MoMo wallets to bank accounts stay free of the proposed charge for now. As of 3 October 2026 we found no report that the suspension has been lifted or that the talks have ended.

It is a suspension, not a cancellation. If that changes, the date and the new rule will be in the news again; check the sources above before you believe a message that says otherwise.

If someone says it is charged today: ask to see the notice in writing, keep the SMS, and compare it with the dates above. This page is not MTN and cannot see your account.

What was not checked

We do not show a price for sending MoMo from one wallet to another. Pages disagree on it and we found no MTN page we could read that settles it. We also do not show Telecel Cash or AT Money fees. Check your own network.

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Questions people ask

Is the 0.75% MoMo to bank charge being charged?

No. It was announced for 1 June 2026 and suspended on 26 May 2026. As of 3 October 2026 we found no report that it has been lifted.

Is e-levy back?

No. The repeal was signed on 2 April 2025. The 0.75% fee is a different, proposed fee by the operator.

Do I still pay to cash out MoMo?

Yes. On MTN it is GH₵ 0.50 under GH₵ 50, 1% from GH₵ 50 to GH₵ 2,000, GH₵ 20 flat from GH₵ 2,000. Try your amount in the calculator.

Sources: Presidency of Ghana, GRA, MyJoyOnline, Pulse Ghana, Graphic Online and Ecofin Agency, linked where used. General information, not financial advice and not an MTN notice. Questions: message us on WhatsApp.