Minority Leader, Alexander Afenyo-Markin has strongly opposed the proposed wallet-to-bank transfer charges, calling on the Bank of Ghana to halt any attempt to implement the levy until Parliament grants explicit approval.
The Minority Leader also urged the Attorney General to issue a formal opinion on the constitutionality of the 0.75 percent charge, arguing that government cannot impose levy-equivalent fees through financial technology operators without parliamentary approval as required under Article 174 of the Constitution.
Speaking on the matter at a press conference in Parliament on Friday, May 29, 2026, Afenyo-Markin accused the government of attempting to reintroduce the electronic transfer levy through the backdoor.
“The Attorney-General must issue a formal opinion on the constitutionality of imposing levy equivalent charges through FinTech operators to bypass Article 174 and this opinion must be part of the proceedings of Parliament through a ministerial statement by the Attorney-General for Parliament to debate same,” he stated.
Although the Bank of Ghana has suspended the proposed charge pending consultations with stakeholders, the Minority says the move is insufficient and is demanding accountability from the Finance Minister.
According to Afenyo-Markin, the Finance Minister must appear before Parliament to explain the circumstances surrounding the announcement by Mobile Money LTD (MMFL) and clarify whether the Executive was aware of or supported the proposed charges.
“The Finance Minister must appear before Parliament to explain the decision behind MMFL’s announcement and confirm whether the Executive knew of or encouraged it,” he said.
The Minority Leader further called on the government to apologise to Ghanaians for what he described as a betrayal of campaign promises.
“The government must eat a humble pie by apologising to Ghanaians, the very people it promised, for breaking a solemn electoral promise,” he added.
Afenyo-Markin warned that the New Patriotic Party Minority Caucus would use every available constitutional and democratic means to resist the implementation of the levy.
“The NPP might Minority caucus will use every constitutional, legislative and democratic avenue to kill this backdoor levy for good. There is nothing like consultation, we do not accept it,” he stressed.
