Most of our concerns regarding E-Levy have been addressed – MoMo Agents make U-turn

The Mobile Money Agents Association of Ghana (MMAG) has said it is now in full support of the Electronic Transaction Levy (E-Levy) after seeing most of the concerns raised being addressed by government.

On Tuesday, May 10, 2022, the leadership of the MoMo agents association held a meeting with the President of the Republic, H.E Nana Addo Dankwa Akufo-Addo at his office at the Jubilee House.

The General Secretary of the association, Evans Otumfuor commended the government for taking a bold step to reduce the E-Levy charge from 1.75% to 1.50%.

He said his association is thankful to the government for addressing several issues raised by his outfit that would have affected the businesses of its members.

“Your Excellency, let it be on record that our organization believes in the payment of taxes as a major tool to drive the needed development and progress and would not do anything that frustrates the success of the E-levy.

“Your Excellency, recently we have witnessed government’s plan to introduce an electronic transaction levy which, as an association we have raised a number of concerns but as we speak now, yesterday we were in a meeting with the Ministry of Finance, Ghana Revenue Authority and other relevant stakeholders and most of our concerns regarding the electronic transaction levy (E-Levy) have been addressed,” the General Secretary of the Mobile Money Agents Association of Ghana told the president.

Evans Otumfuor used the opportunity to call on President Akufo-Addo to fast-track steps to address more of the challenges.

“Your Excellency, we appeal to you and the Minister of Finance to expedite action to look at the challenges that the levy has brought to us as agents in line with doing our business such as deductions that are made at the agent’s account in an attempt to push funds from their agent’s accounts to their bank accounts for purposes of withdrawals and other agents’ related activities,” he added.