While some individuals tested the system by sending money to friends and colleagues to check whether they would still be charged the 1% E-Levy, others waited for confirmation messages from their service providers regarding the removal of the tax.
A few minutes into the mid-morning, customers received beeping notifications on their phones, with messages from their service providers informing them about the abolishment of the electronic transfer levy.
The telcos encouraged customers to enjoy seamless transactions.
“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!” read a message from telco giant MTN.
For AT users, the service provider assured them that all transactions affected by the E-Levy on April 2, 2025 would be refunded within 72 hours.
“Dear ATMoney User, the E-Levy has been scrapped from 02-Apr-2025. Accordingly, all E-Levy charges from 02-Apr onwards will be refunded within 72hrs. Life is simple,” the message stated.
According to the Minister of Finance, Dr. Cassiel Ato Forson, the removal of the E-Levy is intended to promote financial inclusion.
Introduced in 2022, the E-Levy faced strong public opposition, with critics claiming it added to the financial burden of Ghanaians.
However, the NPP government defended it as a necessary measure to generate revenue for national development.
Source: www.ghanaweb.com
