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Research shows 24% drop in Mobile Money after introducing E-levy – John Kumah

While speaking on Accra-based CityTV, The Ejisu MP said that government is aware of the possible decline in the MoMo transactions, but insisted that jobs will not be lost as a result of the drop.

Kumah added that the said research has equally provided means to recapture the 24% that might reverse to cash transactions due to the E-levy.

“The research we did also told us that there will be about 24 per cent attrition rate in the three months to six months that we will introduce it.”

“It is a matter of engagement and letting people understand that, don’t avoid it. It is your pride of place as a Ghanaian to know that your contribution is helping to build your country.”

Meanwhile, the minority in parliament, interest groups such as the Mobile Money Association, Civil Society Organisations, majority of Ghanaians and analysts are opposed to the passage of the Bill, saying it will worsen the already unbearable living conditions of the citizenry.

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The E-levy has been a subject of controversy since its introduction in the 2022 budget presented by Finance Minister Ken Ofori Atta in November last year.

The NDC minority caucus in parliament has remained resolute in its efforts to ensure the Bill doesn’t see the light of day, while the government and the majority side of the house are bent on pushing it through.

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