Following the onset of the controversial E-levy, MoMo transactions have become more expensive, especially if you're transferring huge amounts of money. Several observers have reported dramatic drop in MoMo transactions since the introduction of E-levy. Against this background, MTN, the largest telecom network in Ghana, has unveiled a relief package for MoMo transactions.
Momo fraudsters adopt new way of taking money from your account. Don't be a victim. See how its done
May 1st, 2022 Greetings, dear readers! Thank you for your interest in reading this article. We are always ready to keep you updated on the latest and most intriguing stories from across the world. Please click the +follow button to follow Quik.news Electronic Transaction Levy (commonly known as Electronic Levy or E-levy) is a tax applied on transactions made on electronic or digital platforms.
The Kasoa District Police Command has captured two infamous Mobile Money (MoMo) fraudsters at the Kasoa New Market. The suspects whose assistants are on the run apparently swindled a MoMo merchant of GHS1000. According to source, they went to the seller's shop in a dark Toyota Camry with the enrollment number GC 9123-21 under the affection of keeping the sum.
Please follow me to get access to all my newly published articles. The mobile money agents association of Ghana has recently sparked a massive stir, debates, and arguments across all social media platforms after they finally reveal led unexpected secret about E-levy transactions brouhaha. Even though most Ghanaians have undoubtedly expressed displeasure over the implementation of the controversial E-levy by the incumbent government considering the current economic state of individuals in the country, the Mobile Money agents association has also come out to finally break the silence due to the rate at which most Ghanaians are withdrawing their respective monies from their wallets.
Specialists who work versatile cash business, also called MoMo, are looking for answers for limit alarm withdrawals during the execution of the Electronic Transfer Levy Act, 2022 (Act 1075) what begins tomorrow. As of now, the specialist network has figured out how to carry out an instructive mission to diminish occurrences of frenzy withdrawals by about half, since the entry of the Act.
With the e-levy being implemented already; arguments, injunction, and dive into constitutional elements being done with, effects of the e-levy on the two opposition parties persist. Two top MPs; Ningo-Prampram MP and MP for Ejisu have been sighted on Twitter 'dirtying' themselves over e-levy working in Ghana.
The host of "Abranaa so" on TV XYZ, Okatakyie Afrifa-Mensah says, by midnight, they are declaring operation zero mobile money (momo) account because the president of Ghana, Nana Addo Dankwa Akufo-Addo and the other leaders' mindset is outmoded. According to Okatakyie Afrifa-Mensah, modern technology has improved Ghana's economy and Nana Addo Dankwa Akufo-Addo has brought E-levy that falls under no tax regime in the world to retard the economy back to the eightys (80s).
The Government of Ghana has passed the Electronic Transfer Levy (E-Levy) Act, which imposes a levy of 1.50% on electronic transfers at the time of transfer. This initiative by the Government is meant to broaden the tax base in the country and generate revenue. The new law provides that the E-Levy does not apply to:
Honorable Kennedy Nyarko Osei the Member of Parliament for Akim Swedru Constituency has given some clarification about some misconception the general public have on E-Levy. He said that transferring money from one's bank account to his/her own mobile money wallet doest attract, E-Levy. In a post shared on his official Facebook page on Thursday, 14th April 2022, he wrote;
Many Ghanaians are confused with electronic transactions after the controversial E-levy bill was passed. In this article, you will get to know the various aspect in electronic transactions where the E-levy charges will affect and those that will not be affected. Also this article is just to clear the misinformation out there by some people and some media as well.
Please follow me to get access to all my newly published articles. The Mobile Money Agents Association of Ghana (MMAAG) have recently done the unexpected after they boldly came out to finally commend the incumbent President, Nana Akufo Addo over the final rollout of the controversial E-levy in the country.
Momo users on different networks in Ghana one way or the other are not happy with the way things sometimes happen to the monies in their accounts. These scammers do not sleep just like that until they are successful in getting money from people's account by foul means.
The Electronic Levy initiative by the New Patriotic Party government seems to have brought much burden to many MOMO users and thus, most people have chosen not to use MOMO again. Although the government is also making millions of Cedis daily from the E-levy initiative, geared towards the development of the country.
Mobile money agents have now realised the benefits they will receive from their customers when e-levy is being implement. Initially, customers run away or try to avoid payment of charges when sending money through MTN agents. Since the agent would charge you and then you have to add another charge to the actual money you are sending before the person will receive the actual money.
Cash on the Go (MoMo) Following the implementation of the Electronic Transactions Levy (E-Levy), which began on May 1st, 2022, mobile money transactions are apparently down drastically. According to reports, there were significant withdrawals on the day after the electronic tax was implemented.
E-levy The E-levy initiative that was recently passed by the NPP government, His Excellency Nana Addo Dankwa Akufo-Addo has brought about many controversies in the country. It is believed that, most Ghanaians are not happy about the move due to the state of the economy and the deductions they will suffer.
MMAG members have backed the electronic transfer levy, sometimes known as the "E-levy." President Akufo-Addo interacts with the leadership of the Ghanaian Mobile Money Agents Association (MMAAG). The Ghana Mobile Money Agents Association (MMAAG) has stated that its members are not opposed to the government's tax generating plan, which includes the newly implemented Electronic Transfer Levy (E-Levy).
The controversial Electronic Levying widely known as E-Levy has generated worried and unfriendly comments, assertions, and modalities as you need not to pay the tax levy. Many Ghanaians have asked questions on how to legally do away with paying this E-Levy and here are simple ways yet legal means to avoid paying it without breaking any law not whatsoever.
Easter is perhaps the greatest of all the Christian festivals in the world. The time is used to reflect on the painful journey to Calvary and the death of Jesus Christ. It also reminds Christians about the power in the resurrection of the Lord Jesus and how this ascension brought liberation to mankind.
The execution of the Electronic Transfer Levy (E-Levy) starts today, Sunday, 1 May 2022. The 1.5percent toll will apply to electronic exchanges. The 5 exchanges impacted by the E-demand include: Momo moves between clients on same organization, Momo moves between clients on various organizations, Transfers from ledgers to Momo accounts, Transfers from Momo records to financial balances and Inter-bank moves utilizing advanced stages including versatile applications.