A study by Global Info Analytics has said about 40 percent of Ghanaians sampled in a survey have indicated they will only conduct electronic money transactions when necessary.

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The development comes after the firm sought to inquire about how Ghanaians are responding to the approval of the controversial Electronic Transfer Levy which is set to take off from May 1, 2022.

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An earlier study conducted by the Ghanaian-based polling firm showed that some 73 percent of Ghanaians sampled were against the passage of the levy.

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But the latest findings by Global Info Analytics published on April 20, 2022 showed that the approval of the E-Levy will have no effect on 9 percent of the respondents sampled.

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The study also showed that 18 percent of the 5,182 respondents sampled for the survey have said they will find an alternative the avoid the tax policy while 26 percent of respondents said they will be withdrawing their funds from their respective mobile money wallets.

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In addition to the sampled respondents, some 7 percent said they do not use Mobile Money services on their mobile phones.

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Watch the latest episode of BizTech below:

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BizTech: Experts speak on financial principles of life, generational wealth creation

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BizTech: Saving money and creating generational wealth through financial literacy. Many people do not know how to save their monies, and for those who save, they leave the money to sit in their accounts without investing them to accrue some interests. This is because they either have no or little knowledge about financial literacy. Now, how do we become financially literate? What should we look out for before investing in a project? On this Friday's edition of BizTech, our host, Ernestina Serwaa Asante sits with two financial experts; Michael Adjei and Des Amey to give us an insight on this topic. They'll also teach us how to create generational wealth and the need to have multiple streams of income.

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Source: www.ghanaweb.com

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