Sad News For Ghanaians As Qwikloan To Stop Operations, If………

The Chief Executive Officer of Afb Ghana, operators of Qwikloan services on MTN has hinted that it would cease to exist in a year if the proposed electronic transaction levy (e-levy) is implemented in its current form.

The Chief Executive Officer of Afb Ghana, operators of Qwikloan services on MTN has hinted that it would cease to exist in a year if the proposed electronic transaction levy (e-levy) is implemented in its current form.

The 1.75% tax on electronic financial transactions was proposed in the 2022 budget statement presented before Parliament by the Finance Minister, Ken Ofori-Atta, on Wednesday, November 17, 2021.

The Minister explained that the tax measure was to raise revenue to support job creation initiatives, construction of road infrastructure, cybersecurity, and digital infrastructure.

Ken Ofori-Atta was hopeful that the proposal would come into full force from February 2022.

However, this proposal has been widely been kicked against by Ghanaians.

The minority group in Parliament rejected the 2022 budget as a result of the proposed e-Levy and other concerns raised in the budget.

MTN Ghana in partnership with Afb GHANA launched the “Qwikloan” service in 2017 to provide convenience to customers in times of need to enhance their business.

The service, dubbed, “Qwikloan” is fast, easy, and convenient which enables customers to access loans using their MTN mobile money platform.