MTN entreats public to continue using MoMo amidst E-levy misconception
Users of MTN mobile money have the assurance to keep using the MoMo service despite the misconception that characterizes the introduction of the Electronic Transaction Levy popularly called E-Levy which was recently introduced by the government.
E-levy is a tax imposed on electronic transfers charged at the time of transfer. The law is said to be administered by the Ghana Revenue Authority (GRA) and collected through licensed Banks, Specialized Deposit-Taking Institutions, Payment Service Providers and Electronic Money Issuers.
The levy is currently a flat 1.50% of the value of the electronic transfer on all MoMo transfers above GHc100.
Speaking exclusively to Skyy Headline News Mr Agyenim Boateng the person in charge of Mobile Money for South West Ghana – MTN said though the initiative was characterized by panic withdrawal, it is better now because of the numerous sensitization.
He entreated customers of MTN to keep using the MoMo service since it is simple, convenient and saves time.
He added that e-levy charges and deductions are made on the network.