<\/p>\n
The Mobile Money Agents Association of Ghana has changed its stance on the implementation of the Electronic transfer levy (E-Levy).<\/p>\n
The association is convinced this tax will help revive the country\u2019s \u2018ailing\u2019 economy.<\/p>\n
A few days after the implementation of the levy, some mobile money vendors complained that it has slowdown business, as consumers are rather withdrawing their funds.<\/p>\n
But in a twist of events, Secretary of the Mobile Money Agents Association, Evans Otumfuo at a meeting with PresidentNana Addo Dankwa Akufo-Addo at the Jubilee House on Tuesday, May 10, 2022, said the association\u2019s earlier concerns over the tax have been resolved.<\/p>\n
He lauded President Akufo-Addo for the introduction of \u201cthis wonderful initiative.\u201d<\/p>\n
\u201cIndeed, we had some concerns when the tax was introduced earlier. But these have been addressed. We are ever willing to partner government to bring up more of such refreshing policies.\u201d<\/p>\n
The association further appealed to the government to involve them in any policies and programs that affect their businesses directly and indirectly.<\/p>\n
Government commenced the implementation of the controversial levy on May 1, 2022, despite widespread condemnation of the tax policy.<\/p>\n
The levy was reduced from 1.75% to 1.5% after several protests led by the opposition party, its Members in Parliament, and some civil society groups.<\/p>\n
Government had hoped to rake in about GH\u00a27 billion from the collection of the 1.5% levy on mobile money and other electronic transactions, but the figure was revised downwards to about GH\u00a24 billion recently.<\/p>\n