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MTN Ghana has officially announced the abolition of the 1% Electronic Transfer Levy (E-Levy), assuring customers of seamless mobile money (MoMo) transactions without additional charges.
In a message sent to customers, MTN stated:
“Y’ello Valued Customer, the 1% Electronic Transfer Levy (E-Levy) has been abolished and no longer applies to your MoMo transactions. Enjoy seamless transfers with no E-Levy charges. Just MoMo it!”
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This announcement follows President John Dramani Mahama’s recent approval of a set of bills aimed at easing the financial burden on Ghanaians. The legislative package included the Electronic Transfer Levy (Repeal) Bill, 2025; the Emissions Levy (Repeal) Bill, 2025; the Income Tax (Amendment) Bill, 2025; and the Earmarked Funds Capping and Realignment (Amendment) Bill, 2025.
The passage of these bills came after Finance Minister Dr Cassiel Ato Forson presented eight tax bills to Parliament on March 13, 2025. The move aligns with the government’s commitment to boost economic activity and reduce the tax burden on citizens.
However, the Chief Executive Officer of MTN Ghana, Stephen Blewett, has clarified that the immediate removal of the E-Levy requires regulatory approval before telecom operators can officially stop the deductions.
Speaking at MTN House in Accra on April 2, 2025, Mr Blewett stressed the need for compliance with regulatory processes:
“There is a process that has to be followed. I can’t abolish the E-Levy until I’m told to do it. If I do it ahead of time, the Bank of Ghana will catch me,” he explained, emphasising the importance of adhering to regulatory guidelines.
Mr Blewett acknowledged the negative impact of the E-Levy on mobile money transactions since its introduction in 2022 at 1.75%—later reduced to 1%. He expressed optimism that its removal would revive digital transactions.
“The reason for the abolishment of the E-Levy is to encourage momentum in mobile money,” he noted.
While customers eagerly anticipate the directive from the Bank of Ghana and other relevant authorities, MTN Ghana has assured the public of a swift response once the official green light is given.
“We will follow the process. And once it’s gone, mobile money will regain its strength,” Mr Blewett affirmed confidently.
This development marks a fulfilment of President Mahama’s campaign promise to abolish the E-Levy, Betting Tax, and Emissions Tax—a decision expected to stimulate economic growth and restore confidence in digital financial services.
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