The Bank of Ghana (BoG) has launched an investigation into the reintroduction of transfer charges by some commercial banks following the recent removal of the E-Levy.
The probe by the central bank follows complaints by customers of some banks about new or increased fees on transfers between personal bank accounts and mobile money wallets.
According to the customers, the charges were introduced by some of the banks immediately after the E-Levy was removed by the current government.
Data released by the BoG revealed that the banking sector saw a GHC 5 billion drop in total deposits between March and April 2025.
The governor of the BoG disclosed that the outfit will be engaging with the banks involved.
“It is something that came to our attention that some banks were imposing these kinds of charges. We are looking into that. I am aware of one particular bank. This is very well noted, and we are happy to look into the matter,” he stated during the recent Monetary Policy Committee briefing.
By: Rainbowradioonline.com/Ghana
