e-Levy: Telcos to reduce Mobile Money charges by 25%

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Telecommunication companies and their mobile money operators have agreed to reduce the charges on transactions by 25% amid the possible introduction of the e-Levy.

According to the Ghana Chamber of Telecommunications (GTC), the decision was taken following extensive deliberations with the government on the need to lessen the impact of the new tax on consumers.

In a press release, GTC noted that “we acknowledge the need to expand the tax base. However, to reduce the overall impact of the new levy on consumers, MTN and AirtelTigo have agreed to a downward revision of their P2P (person to person transfer) fees by up to 25% depending on the respective operator. Vodafone currently has no charges.”

The GTC added that each mobile money operator would notify their customers of the applicable revised rate when the e-levy bill is passed into law.

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