The Mobile Money Agents Association of Ghana (MMAAG) says it will do its best for the success of Electronic Transfer Levy.
According to the Association, they have held series of fruitful meetings with relevant stakeholders on the levy and their grievances have been addressed.
“The levy has now been passed into law and all citizens must pay. So we are here as allies, not opposing forces. We also commend the government for taking steps to reduce the e-levy from the initial 1.75 per cent to 1.5per cent and the tall list of exemptions provided by the levy.
“We had wished it reduced further for fear of its attendant impact on our business. We appeal to you and the Minister of Finance to expedite actions to look at the challenges that the levy has brought to us as agents in doing our business,” the General Secretary of the Association, Evans Otumfuo said during the meeting with President Akufo-Addo at the Jubilee House on Tuesday, May 10, 2022.
He continued: “Such as deductions that are made at the agent’s account in an attempt to put funds from their agent’s accounts to their bank accounts for purposes of withdrawals and other related activities. Let it be on record that our organization believes in the payment of taxes for the need for development and progress and we will not do anything that frustrates the success of the e-levy.”
Mr. Otumfuo also commended President Akufo-Addo for his digitization drive of Ghana’s economy.
“We are grateful and appreciate your passion, commitment and your hard work towards an aggressive digitization of our economy with its accompanying impacts on us as a business body, specifically Mobile Money agents.
“This digitization drive has led to the introduction of mobile money interoperability which was borne out of the idea that it should be possible for electronic payment to be made from one network to another. This historic initiative has affected positively, users of MoMo and has earned Ghana the first African country to achieve such a feat.”
The Ghana Revenue Authority commenced collection on May 1, 2022.
The new tax will see the deduction of 1.5% of the cost of selected electronic transactions by Ghanaians.
Many Ghanaians have taken to twitter and facebook to vent their disapproval of the move which has been justified by the government.
However, the Minority Leader, Haruna Iddrisu, led two of his colleagues Mahama Ayariga and Samuel Okudzeto Ablakwa to file an application at the Supreme Court on Tuesday, April 19, 2022.