Ghanaians have started deactivating their MoMo Accounts after E-levy passed
Some mobile money users are experiencing difficulties as a result of the country’s adoption of the E-levy.
The charge for digital transactions has been cut from 1.7 percent to 1.5 percent, which means that if you transfer Ghc1000.00, the charge will be Ghc15. You must pay Ghc 30 plus the service provider’s charges if you want the receiver to be able to cash out exactly Ghc 1000.00.
This is leading some people to believe that the E-levy is the worst decision ever made, as it goes against taxation principles by, among other things, taxing capital. As a result, some people are having issues with the new chargers, which will result in huge financial difficulties due to the country’s current hardship, and their only option is to deactivate their accounts.
SEGBEFIA KWAKU DZIEDZORM, an account holder who goes by the name SEGBEFIA KWAKU DZIEDZORM, successfully completed the deactivation process and shared his joy on social media as proof that he doesn’t like the E-levy.
Seriously, he isn’t the only one who has done so; others have threatened to do so as well.
Captain Smart and others have stated that they will not use mobile money in the future.
Although the new charges have not yet begun, the Minister of Finance, Ken Ofori-Atta, has stated that the deduction for the e-levy, which is intended to assist government projects, will begin in May of this year. With less than a month to go, some folks are eager to see if things will shift again.
We must remember that the minority in parliament is moving to the Supreme Court, and who knows what will happen there.
If you deactivate your MoMo account due to E-Levy, keep in mind that you will lose access to all cashless transactions, will be unable to purchase ECG prepaid, and will have to pay for everything in person.
Furthermore, you will be unable to use the system if you have major business dealings with your Momo account.
Deactivation isn’t the ideal option, however you can close your account by deciding to never send more than Ghc 100.00 every day.
As visionary, sound-minded, and right-thinking Ghanaians, I believe we should not deactivate our mobile money accounts, but rather support the administration so that we can keep him responsible. This one, too, I’m sure, will come to pass.