Thank you for such a refreshing initiative – MoMo agents praise Akufo-Addo and E-levy

Thank you for such a refreshing initiative – MoMo agents praise Akufo-Addo and E-levy

After their initial worry concerning what the E-levy could do to their business, the Mobile Money Agents has made a u-turn concerning its stance on the implementation of the levy.

The association is confident that this tax will help revive the country’s ‘ailing’ economy.

It will be recalled that some mobile money vendors complained that it has slowed down business as consumers are rather withdrawing their funds a few days after the implementation of the levy.

The association planned to protest against the policy but later called off the exercise before its implementation.

Meanwhile, in an interesting twist of events, Secretary of the Mobile Money Agents Association, Evans Otumfuo at a meeting with President Nana Addo Dankwa Akufo-Addo at the Jubilee House on Tuesday, May 10, 2022, said the association’s earlier concerns over the tax have been resolved.

He commended President Akufo-Addo for the introduction of “this wonderful initiative.”

“Indeed, we had some concerns when the tax was introduced earlier. But these have been addressed. We are ever willing to partner government to bring up more of such refreshing policies.”

The association further appealed to the government to involve them in any policies and programs that affect their businesses directly and indirectly.

On May 1 2022, despite widespread condemnation of the tax policy Government commenced the implementation of the controversial levy

The levy was then reduced from 1.75% to 1.5% after several protests led by the opposition NDC, its Members in Parliament, and some civil society groups.

The government had hoped to rake in about GH¢7 billion from the collection of the 1.75% levy on mobile money and other electronic transactions, but the figure was revised downwards to about GH¢4 billion recently.

Join the discussion

%d bloggers like this: