E-Levy: We are ready to partner gov’t to come up with more initiatives – MoMo agents to Akufo-Addo

The Mobile Money Agents Association of Ghana (MMAG) has expressed readiness to partner with the government to roll out policies that will help grow the mobile money industry.

This was after the leadership of the association held a meeting with President Nana Addo Dankwa Akufo-Addo at the Jubilee House on Tuesday, May 10, 2022.

Speaking on behalf of MMAG, General Secretary Evans Otumfuor commended the government for taking a bold step to reduce the E-Levy charge from 1.75% to 1.50%.

“Your Excellency, let it be on record that our organization believes in the payment of taxes as a major tool to drive the needed development and progress and would not do anything that frustrates the success of the E-levy.

“Your Excellency, recently we have witnessed government’s plan to introduce an electronic transaction levy which, as an association, we have raised a number of concerns but as we speak now, yesterday we were in a meeting with the Ministry of Finance, Ghana Revenue Authority and other relevant stakeholders and most of our concerns regarding the electronic transaction levy (E-Levy) have been addressed,” the General Secretary of the Mobile Money Agents Association of Ghana told the president.

According to Evans Otumfuor, the Mobile Money Agents Association of Ghana is now in full support of the E-Levy and ready to partner with the government in future endeavours.

“In concluding, the association is proud of you for these wonderful initiatives and that MMAG is ready to partner government to bring more of such refreshing policies since the Mobile Money business is one of the area government can invest in to create more employment for the youth,” the General Secretary indicated.

On his part, H.E Nana Addo Dankwa Akufo-Addo extended appreciation to the MoMo Agents Association and welcomed the offer of partnership.

“I am also very very encouraged and grateful by this offer of partnership to make sure this controversial tax is successfully administered,” the President said.

H.E Nana Addo Dankwa Akufo-Addo added, “I think it is appropriate that stakeholders like you voice out your concerns as you did and that these concerns are taken into account by government so that when the law is finally shaped like it has been, it’s one that’s meaningful for the state and it’s equally meaningful for the private sector operatives who are in this area.”