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    MoMo Users Threaten To Retrogress To Bank Services

    Ghanaians who use mobile money in enhancing their businesses have threatened to stop using electronic transactions because of the E-levy introduced by the government

    According to the mobile money users in Bolgatanga Municipality, the 1.75 levy that will be placed on electronic transactions will lead them to stop using the electronic transactions

    They explained that the E-levy will be a financial burden on them because the charge will result in draining their money

    One of the mobile money users voiced out that, “now that they are putting more tax on it, it is better we go back to our banks than to be doing mobile money. If you are putting money in the bank and they are deducting and you come to mobile money and they’re even putting more charges on it. Is it not better going back to the bank?”.

    “It will be better to have my money than send through mobile money and be taxed, I’ll rather have it and if the thieves steal it, that’s fine, it is better” another customer added.

    The Finance Minister, Kenneth Nana Yaw Ofori-Atta disclosed that a 1.75 levy will be placed on electronic transactions during the presentation of the 2022 budget

    The merchants who deal in electronic transactions in Bolgatanga municipality has raised against the E-levy

    Zechariah who is a vendor indicated that “because of the charges on the mobile money, I don’t think we can continue the work, the charges are plenty. Because of the charges, I don’t think the customers will come for transactions”.

    “If there is a way out, I think the government should work it out if not all of us will become jobless because mobile money is our only source of livelihood” another vendor retorted.


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