The Mobile Money Agents Association of Ghana has asserted that propaganda, lies, and misinformation characterised the introduction of the Electronic Money Transaction Levy (E-Levy).
The Association believes the needless lies that were thrown into the public space contributed to misunderstanding and panic withdrawals after the levy was first introduced.
President of the Association, Charles Addo explained that they will wait till phase one of the implementation and make their comments on the impact.
He said the Association has embarked on public education to demystify the myths surrounding the levy.
He noted that the education will continue so Ghanaians will understand the process of the levy.
He stressed that the levy will not affect withdrawals and will not also not affect transactions from 100 and below.
Speaking on Nyankonton Mu Nsem on Rainbow Radio 87.5, he maintained that “propaganda, lies, and misinformation were thrown into the public after it was introduced. After the law was passed, people had doubts and we’re withdrawing their money. But through our public education, all these lies have been dispelled”.
The levy which received presidential assent some few weeks ago will not cover cumulative transfers of GHC100 per day made by the same person.
It will also not affect transfers between accounts owned by the same person
Transfers for the payment of taxes, fees, and charges on the Ghana.gov platform, Electronic clearing of cheques, Specified merchant payments (that is, payments to commercial establishments registered with the GRA for income tax and VAT purposes) and Transfers between principal, master agent, and agent’s accounts.
The levy will Transactions E-Levy will cover
Mobile money transfers between accounts on the same electronic money issuer (EMI)
Mobile money transfers from an account on one EMI to a recipient on another EMI
Transfers from bank accounts to mobile money accounts
Transfer from mobile money accounts to bank accounts
Bank transfers on a digital platform or application which originate from a bank account belonging to an individual to another individual.