The Mobile Money Advocacy Group Ghana (MoMAG) has expressed its satisfaction after the finance minister-designate, Dr. Cassiel Ato Forson, announced that the government plans to scrap the controversial E-Levy in its first batch of reforms.

A representative from MoMAG shared their relief, stating, “Now that the government has said it is going to abolish it [the E-Levy], it is a happy moment for us, and it is going to enhance our business.”

The representative went on to explain how the introduction of the E-Levy negatively impacted their operations, noting, “Before the E-Levy, people used to come to the agents to deposit money and send it through their wallets. But when the E-Levy was introduced, people began asking us, the agents, to send the money directly to avoid the E-Levy.”

MoMAG has long been advocating for the removal of the E-Levy, and the announcement has been met with gratitude.

The representative added, “We have been advocating for the government to remove the E-Levy, and we thank God that the government is going to remove it, which will benefit us. We also encourage more consumers to deposit money in their wallets.”

The group believes the abolition of the E-Levy will help revitalize the mobile money sector and encourage greater customer engagement.