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Electronic Money Issuers hopeful E-Levy will be abolished in 2025 following Mahama, Bawumia pledge

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Electronic Money Issuers (EMIs) in Ghana are hopeful that the Electronic Levy (E-Levy) will be abolished in 2025 under a new government, whether it is a government led by Dr Mahamudu Bawumia from the New Patriotic Party (NPP) or John Dramani Mahama from the National Democratic Congress (NDC).

This is because the two leading presidential aspirants have pledged to abolish the E-levy when elected as president.

Commenting on it, the Chief Executive Officer of the Ghana Chamber of Telecommunications,  Kenneth Ashigbey expressed optimism based on the commitments made by the two flag bearers of the two leading political parties.

The E-levy applies to transactions on all electronic and mobile money transactions exceeding GH¢100 per day.

At a press briefing organised by the Africa Prosperity Network (APN) on Thursday in Accra, Kenneth Ashigbey said one of the objectives of establishing money transfer platforms in Ghana was to reduce transaction costs.

He added that available data indicates a downward trend in transaction costs across the various platforms.

“…Fortunately for us in Ghana, the two candidates who have representation in Parliament have promised us that they will take the E-Levy off, so when that one comes definitely next year whoever come in, it is going to go off,” he said.

Source: Graphic.com.gh

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