Don’t Panic – MTN Mobile Money CEO Assures Agents And Customers Over 1.75% Tax

Mr Elli Hini, the Chief Executive Officer of MTN Mobile Money, the major mobile money operator, says no one should be alarmed by the potential introduction of the 1.75 percent e-levy because discussions are still underway.

This comes after Finance Minister Ken Yaw Ofori-Atta declared during the 2022 budget presentation in parliament on November 17, 2021 that the government will collect a new levy on electronic transactions in 2022 to broaden the tax net and bring in the informal sector.

“After much thought, the government has decided to impose a fee on all electronic transactions in order to broaden the tax net and bring in the informal sector,” he stated. This will be known as the E-levy (Electronic Transaction Levy).”

Mr Hini told media on the sidelines of the MTN Mobile Money Awards in Takoradi over the weekend that whatever the outcome of the discussions is, it will be disclosed.

“The government has imposed the tax; we are actively engaging in discussions about it, and I believe I’ll leave it at that.” “We’ll all get to hear whatever the verdict is,” he remarked.

Mr Hini assuaged any concerns that agents might have about the new levy’s introduction. MTN Mobile Money, he said, will look into ways to assist agents in growing their companies.

“I don’t believe agents should be concerned. Agents should not be alarmed because there are possibilities for collaboration to discuss the business’s future. I’m confident that at the end of the day, the outcome will be known, and the measures required to ensure their continued operation will be implemented.