Agent Finance Minister,Dr John Ampontuah Kumah has uncovered that exploration directed by the public authority shows that there will be a 24 percent drop in Mobile Money exchanges after the presentation of the Electronic Transfer Levy (E-Levy”.

While speaking on Accra-based CitiTV, The Ejusu 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.

John-Kumah

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.”

“The research same told us what should be done to bring back these people after a while, and we have all these things in place,” he is quoted as having said.

According to him, the government has realised that a lot more education is needed to have the buy-in of Ghanaians before the passage and implementation of the controversial E-levy.

“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.

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.

The adamant posturing of both sides of the legislature resulted in violence late last year which saw the lawmakers exchange blows, leaving some of them injured.

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Qualifications in DEGREE AND HND. Degree In Accounting. HND in Banking and Finance. LIFE is very complicated. Don't try to find ANSWER Because when you find answers LIFE changes the QUESTION.

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