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Telecoms Chamber proposes 0.5% e-levy on mobile money cash out transactions

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While Ghanaians are calling for electronic transfer levy (e-levy) to be completely scrapped, the Ghana Chamber of Telecommunications (GCT), is rather proposing a reduction...

Mobile money users in Tanzania going back to cash payments to...

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Tanzanians are using mobile services less often than two years ago when the government introduced new taxes on mobile money transactions.In July 2021, the...

E-Levy accrues GH₵861.47m in 11 months

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The Electronic Transfer Levy (E-Levy) accrued GH₵861.47m in 11 months of implementation, which is just a little over half of the GHS1.46 billion it...

Mobile Money float hits GHS13.2 billion in April 2023

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Actual mobile money transaction float in Ghana was GHS13.2 billion in April 2023 alone, which indicates a 37.5% increase year-on-year from GHS9.6 billion in...

Mobile money taxation could hamper financial inclusion gains in Africa

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In an increasingly digital economy, accelerated by the Covid-19 pandemic, there has been greater collaboration between the private sector and governments in Africa to...

Ghana, and how not to tax mobile money

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In May 2022, the government in Ghana introduced a deeply unpopular tax on mobile money transactions, known as the e-levy. When it was introduced,...

E-Levy reduced to 1%, good or BAD?!

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The controversial and infamous electronic transfer levy (e-levy) has been reduced from 1.5% to 1%, but it is yet to be implemented. The reduction was...

E-levy rakes in GHS328 million for government

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The government has so far realised roughly GHC328.80 million from the Electronic Transfer Levy (E-Levy), as at the end of September, the Ghana Revenue...

GRA sneaks in additional E-Levy that poses threat to financial inclusion

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Techgh24 can confirm that come October 1, 2022, e-levy will be applied to all pay outs on the platforms of payment services providers (PSPs),...

Tanzania abolishes obnoxious E-LEVY after it failed, lessons for Ghana

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Beginning October 1, 2022, Tanzanians will wave goodbye to transfer fees on withdrawal of cash through bank and mobile money agents and ATMs for...

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