MoMo Agents Association Have Planned Demo Against E-Levy.

The E-levy, which is, an introduction of 1.5 percent taxation on electronic money transfers was passed on Tuesday, 29th March, 2022. It is expected to take effect in May 2022.

Front liners  of the Association for Mobile Money Agents of Ghana have planned to meet over the weekend decide on, whether to embark on a proposed demonstration against the E-Levy.

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

Ghanaians have expressed a lot of bitter concerns about the introduction of the E-Levy. Also, Mobile money agents across the country have expressed concern that the electronic levy could potentially be detrimental to the growth of their business, as many of their clients have threaten to revert to the cash system to avoid the tax.

“We are over 400,000 agents across the country, so just imagine, if you are taking just a faction to be on the streets to demonstrate. It is not going to be easy.”

The association has already expressed fears that most of its members may shut down their mobile money businesses following the passage of the levy.

President Akufo-Addo assented to the Bill on Thursday 31st March, 2022, after it was passed on March 29, 2022.

The levy, which was eventually amended from 1.75 percent to 1.5 percent on Tuesday, will be a tax on electronic transactions, which includes mobile-money payments.

The charge will apply to electronic transactions that are over GH¢100 on a daily basis.