MoMo agents prepare to meet Akufo-Addo next month as E-levy implementation draws closer

MoMo agents prepare to meet Akufo-Addo next month as E-levy implementation draws closer

As the E-levy implementation date draws nearer, the Mobile Money Agents Association has indicated that it is ready to meet President Akufo-Addo next month over the levy.

Though the tax pegged at 1.5% is set to commence on Sunday, May 1, 2022, the mobile money agents are seeking an audience with the President because they were never consulted on the move.

President of the Association, Dela Dunstan Abotsi revealed that he hopes the engagement with the President would bring a resolution to their concerns.

“The president has given us an invitation to come for a meeting next month, hence our hands are tied on making any move until we meet with him. We wouldn’t want to do anything that we will be sorry for later. Imagine taking a decision and after meeting with the president, everything goes well.”

 However, as  Ghana readies itself for the highly anticipated implementation of the Electronic Transfer Levy (E-Levy) in May 2022, the Ghana Chamber of Telecommunications has called for a review of portions of the law to exclude the 1.5% charge on payment of salaries made via mobile money.

The chamber further explains that, per the current law, salaries that are paid via mobile money would attract the 1.5% charge, whereas salaries paid through banks will not attract any E-levy.

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