JUST IN: Mobile Money Users Required To Pay 1.5% On Deposits, Sending, And All Other Transactions- [DETAILS]

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The Ghana Revenue Authority – Has rolled out the implementation of the 2nd Phase of the Electronic Transaction Levy (E-Levy).

Beginning today, Friday, 1 July 2022, users of mobile money will be required to pay 1.5% on deposits, sending, and all other mobile money transactions.

This is because Merchants/Momo Agents will now be charged 1.5 percent on all transactions.

It would be recalled that on May 11, 2022, a group calling itself “The Mobile Money Agents Association of Ghana (MMAAG)” visited the president and pledged 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.”

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