• Fri. Aug 5th, 2022

MoMo agents association to meet over proposed demo against e-levy

ByEditor

Apr 2, 2022 ,

The Ghanaian Mobile Money Agents Association has announced that its leadership will meet over the weekend to discuss whether or not to participate in a planned rally against the E-Levy.

“We will come out with what we want to do and the next move to be taken,” said Dela Abotsi, National President of the Ghana Mobile Money Agents Association.

Many mobile money agents around the country are concerned that the electronic levy would force them out of business, as many of their consumers are threatening to switch to cash to escape the tax.

Any mass action by the agents, he believes, will be seismic.

“We have over 400,000 agents across the country, so imagine if just one section went out on the streets to protest.” “This isn’t going to be simple.”

Following the passage of the fee, the group has already raised concerns that the majority of its members will close their mobile money operations.

The E-levy, which was passed on Tuesday and is set to take effect in May 2022, will tax electronic money transfers at a rate of 1.5 percent.

After the Bill was passed on March 29, 2022, President Akufo-Addo signed it on Thursday.

The fee, which was reduced from 1.75 percent to 1.5 percent on Tuesday, would be a tax on electronic transactions, including mobile money transactions.

The fee will be applied to electronic transactions totaling more than GH100 each day.

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