In parts of the Volta Region, some mobile money agents recorded an increase in mobile money transactions with withdrawals topping on Saturday, a day to the implementation of the E-levy.
Long queues build up at the Mighty Gas Merchant joint near the Ho Teaching Hospital, at the Ahoe Round-About area, Bankoe and SSNIT Flats enclave. They claimed the ongoing massive withdrawals from several wallets is because of the passage of the Electronic Transaction Levy (E-Levy) in March by Parliament.
At the SSNIT area, there were withdrawals of large sums with clients insisting their transaction went through before the E-Levy came to effect at midnight with withdrawals and deposits ranging between GHC 3,000 and GHC 1,000.
Some operators at the Central Market Square joints have claimed they do not see how clients would bypass the mobile money platform, saying there are there’s no visible signs of clients doing that.
A cross section of mobile money users in Akatsi stated that the move to cash out their monies would help them to dodge the tax deduction. Mr Nutsugah Agbesi, a businessman, said the tax is multiplicative and would not be in the best interest of the ordinary citizenry.
Mr Sedinam Dorsey Agozie, owner of Determination Empire, a popular mobile money merchant in Akatsi, disclosed to the reporters that hundreds of MoMo users were rushing to withdraw thousands of cedis in recent times with only few doing deposits. “Other mobile money operators and I in town have been hit by some form of unusual withdrawals from the general public which is putting pressure on us,” he said.
However, some individuals also called for calm as the government continued to put some measures in place for the development.There was calm at the merchant joints across the region as the implementation draws near.
Source : Modern Ghana
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