The Electronic Levy (E-Levy) was introduced by the NPP government
The Mobile Money Advocacy Group Ghana (MoMAG) has maintained that the removal of the E-Levy will significantly enhance its business operations.
MoMAG President Edward Ofori Agyemang spoke to the media at the induction ceremony for the association’s new executives, stating that the move will improve deposits from customers.
He explained that when the E-Levy was introduced, it led to a decline in deposits.
He was reacting to the confirmation by finance minister-designate Dr. Cassiel Ato Forson that the government will scrap the levy in its first batch.
“Now that the government has said it is going to abolish it [the E-Levy], it is a happy moment for us, and it is going to enhance our business. Before the E-Levy, people used to come to the agents to deposit money and send it through their wallets. But when the E-Levy was introduced, people began asking us, the agents, to send the money directly to avoid the E-Levy.”
“We have been advocating for the government to remove the E-Levy, and we thank God that the government is going to remove it, which will benefit us. We also encourage more consumers to deposit money in their wallets,” he added.