Mobile Money Agents Association urges members to comply with E-levy implementation

April 30, 2023

Agents Association of Ghana has called on members to comply with the implementation of the Electronic Transfer Levy (E-levy), which starts today, Sunday, May 1, 2022.

A statement from the Association appealed to members to continue public education on the new tax to ” restore confidence in the continuous usage of the platform to facilitate all financial transactions.”

The statement said, “Management highly appreciates the longstanding challenges facing agents in the business and taking steps at remedying them as soon as discussions on the e-levy settle.”

It said, “agents have no hand in e-levy charges or collection hence customers are not to pay any e-levy charges to agents.”

“Members are to note that deposits, withdrawals, cashouts and savings on momo wallet activities will not attract e-levy,” the statement added.

The Association said it was in their collective interest to sustain the business, adding ” any acts that overburden the customer must be highly eschewed. We appeal to agents and customers to comply with this.”

The implementation of the Electronic Transfer Levy Act, 2022 (Act 1075), Ghana's newly introduced revenue generation mechanism received Presidential Assent on March 31, this year, after it was passed by on March 29, 2022.

Various banking institutions have sent various text messages on the commencement of the e-levy

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