Mobile Money Agents Association Of Ghana-MMAAG petitions GUTA,AGI,TUC and other unions over E-levy proposal

The finance Minister Honourable Ken Ofori-Attah in the 2022 Budget and Economic Policy presented to Parliament and the General public on November 17, 2021, has revealed that Government wants to impose an Electronic levy of 1.75% on all electronic transactions with Mobile Money being the cardinal and source of funding for the 2022 budget.

The Mobile Money Agents Association of Ghana has actioned a number of steps to draw authorities attention to the extensive complications the budget will bring on economic activities including appointments with the Vice-president of the RepublicofGhana, Bank of Ghana, Ministry of Finance etc. As an Association whose services are universal and as such play key role in the day-to-day running of economic activities in the country. In simple terms, the services of Mobile Money Operators are the life wires of business growth and development. High taxation on the momo sector will affect everything hence authorities must allow the business to grow.

Disclosing to MMAAG News, the Executive Secretary, Mr.Evans Otumfuo has said the Union believes that any other workers groups and unions need Mobile Money to Foster their daily activities hence any attack on Mobile money sector through unfavourable tax policies could be inimical to the smooth running of their businesses hence the Union is rallying the support of all relevant workers Unions Like GUTA, AGI,TUC,Association of Bankers, Spare Parts Dealers Association, Phones and Accessories Dealers a joint approach to the matter.The e-levy if passed in its current state will be affront to effort made so far to ensure bridging the gap between the banked and unbanked. Again, government’s Digitalisation Agenda hinges on electronics and by extension Mobile Money which if not reviewed, will only be a mirage.
He has disclosed that in a way the policy announcement has really hurt their businesses and a further acceptance to the budget will not mean well for the business growth and development.
MMMAAG news will be following this development to the later and subsequent updates given .

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MMAAG represents the Mobile Money Agents Association of Ghana. It's an Association of Mobile Money Agents coming together to streamline mobile money transactions and to protect both its members and other stakeholders to safeguard the business

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  • Most Ghanaians operate Mobile Money business as the only source of income to satisfy the needs of their entire family. This new E-levy is going to cause majority of Ghanaians loose their Job hence turn into Robbery. I can see the government wants to recollect the COVID-19 fund loan that was given to the people of Ghana but this is to assure the government that this isn’t the best way. As a good citizen of Ghana, I’ll advice the government to seek the knowledge of his people before passing a bill. Thank you

  • Hmmmm. It’s really sad to wake up one morning to hear such bad treatment metted out a sector of the economy that is fetching much into the cofers of the land. What happens then when the number of transactions reduces? This is what actually happens when people see themselves as think tank. Broader consultation would have highlighted the negative impact of this on the economy.
    We don’t accept it.

  • It’s really sad to treat people of their own land like this. Implementing this huge tax on Ghanaian especially those in the Momo business will end up collapsing the business and the economy will become more harder resulting in committing suicide and armed robbery. The government must suspend this e-levy immediately before people it’s late.

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