MTN Ghana has officially announced the removal of the 1% Electronic Transfer Levy (E-Levy) on all Mobile Money (MoMo) transactions. This decision comes on the heels of President John Dramani Mahama’s push for legislative reforms aimed at scrapping multiple taxes, including the E-Levy, Betting Tax, and Emissions Tax.
The removal of the E-Levy is a significant milestone in the government’s efforts to ease the financial burden on Ghanaians. With this development, MTN MoMo users can now enjoy cost-free transactions without the extra levy, making mobile money transfers more convenient and affordable. This move is expected to boost digital transactions and stimulate economic growth in Ghana.
According to MTN Ghana, the abolition of the E-Levy is a direct response to the government’s new tax regulations . The company has assured its customers that it will comply with all regulatory requirements to ensure a seamless transition. MTN Ghana’s CEO, Stephen Blewett, emphasized the need for compliance with regulatory processes, stating that the company cannot abolish the E-Levy until it receives official clearance from the relevant authorities .
The removal of the E-Levy is a welcome development for MTN MoMo users, who will no longer have to pay the extra levy on their transactions. This move is expected to increase the adoption of mobile financial services in Ghana, particularly among low-income individuals who rely heavily on mobile money transactions.
The government’s decision to scrap the E-Levy is part of its broader commitment to easing the financial burden on Ghanaians. The move is expected to stimulate economic growth, increase financial inclusion, and reduce the cost of doing business in Ghana.
In a statement, MTN Ghana assured its customers that it will continue to provide innovative and affordable mobile financial services. The company expressed its commitment to supporting the government’s efforts to promote financial inclusion and economic growth in Ghana.
As the news of the E-Levy’s removal spreads, MTN MoMo users are celebrating the development, which is expected to make mobile money transactions more convenient and affordable. With this move, MTN Ghana has demonstrated its commitment to providing innovative and customer-centric mobile financial services.
The removal of the E-Levy is a significant development in Ghana’s mobile financial services sector. As the industry continues to evolve, it’s clear that MTN Ghana is poised to play a leading role in shaping the future of mobile financial services in Ghana.
Source: Africa Publicity
MTNGhana ELevy MobileMoney MoMo FinancialInclusion DigitalTransactions EconomicGrowth TaxReforms GovernmentOfGhana PresidentJohnDramaniMahama NDC MobileFinancialServices Fintech
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