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MoMo users required to pay 1.5% on deposits, sending, and all other transactions

The second phase of the electronic transaction levy has been implemented by the Ghana Revenue Authority (E-Levy).

Mobile money users will have to pay 1.5 percent on all deposits, sends, and other mobile money transactions starting today, Friday, July 1, 2022.

MoMo users required to pay 1.5% on deposits, sending, and all other transactions MoMo users required to pay 1.5% on deposits, sending, and all other transactions

This is due to the new 1.5 percent fee that will be applied to all transactions for merchants and Momo Agents.

Recall that on May 11, 2022, the president was visited by a group calling itself “The Mobile Money Agents Association of Ghana (MMAAG)” who expressed their support for the E-Levy.

“The association said it considered the payment of taxes as a major tool to drive the needed development and progress of any country and would thus collaborate with the government to boost the uptakes from the E-levy.”

 

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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