E-levy No Longer Applies to Your MoMo Transactions; MTN to Customers

Telecommunications company MTN Ghana has announced that the Electronic Transfer Levy (E-Levy) no longer applies to Mobile Money transactions.

This was communicated in a message to customers across the country a day after the abolition of the levy took effect.

“Y’ello Valued Customer, the 1% Electronic Transfer Levy (E-Levy) has been abolished and no longer applies to your MoMo transactions.”

It therefore urged customers to enjoy seamless transfers without the levy.

In a letter to all charging entities on April 2, the Ghana Revenue Authority (GRA) officially informed them of the abolition of the Electronic Transfer Levy Act, 2022 (Act 1075) referencing the assenting of the repealed bill by President John Dramani Mahama’s earlier in the day.

The Authority conveyed, “In accordance with our previous communication regarding implementation guidelines, this letter serves as formal authorization for you to proceed with the deployment of the ‘no charge’ configuration on your platforms.”

The GRA noted that the Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a “no charge” on all transactions posted to it by entities from midnight while directing all the Charging Entities to cease applying the 1% E-Levy from midnight on all their channels.

It further directed the entities to immediately refund any E-Levy amounts deducted from customers on April 2, 2025.

“Entities are to establish an expedited refund process to handle such cases promptly and maintain proper documentation of all refunds processed. Reports of such refunds must be submitted to GRA.”

“Charging Entities are to take the necessary steps to file and pay all outstanding E-Levy charged and collected on all transactions that occurred before 2nd April 2025.”

Source: opemsuo.com/Hajara Fuseini