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Mobile money ecosystem grows over 180% after e-levy reduction

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Statistics published by the Bank of Ghana indicates that Ghana's mobile money ecosystem has grown by a significant 186% between November 2022, when e-levy...

Nigeria suspends 0.5% ‘e-levy’

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The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions.The decision...

Nigeria implements 0.5% e-levy

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The Nigeria government has introduced a 0.5% electronic transaction tax to raise money in support of cybersecurity in that country, and this has angered...

E-levy implementation: Policymakers urged to involve academia

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Project Director, Retail Finance at ISSER, Adadzewa Otoo has said that the chaotic and erratic implementation of digital finance tax (e-levy) across Africa is...

Bawumia breaks deafening silence on E-levy, promises to abolish it

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Vice President Dr. Mahamudu Bawumia, has finally broken his deafening silence on the controversial electronic transfer levy (e-levy), stating categorically that he will abolish...

Telecoms Chamber proposes 0.5% e-levy on mobile money cash out transactions

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While Ghanaians are calling for electronic transfer levy (e-levy) to be completely scrapped, the Ghana Chamber of Telecommunications (GCT), is rather proposing a reduction...

Mobile money users in Tanzania going back to cash payments to...

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Tanzanians are using mobile services less often than two years ago when the government introduced new taxes on mobile money transactions.In July 2021, the...

E-Levy accrues GH₵861.47m in 11 months

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The Electronic Transfer Levy (E-Levy) accrued GH₵861.47m in 11 months of implementation, which is just a little over half of the GHS1.46 billion it...

Mobile Money float hits GHS13.2 billion in April 2023

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Actual mobile money transaction float in Ghana was GHS13.2 billion in April 2023 alone, which indicates a 37.5% increase year-on-year from GHS9.6 billion in...

Mobile money taxation could hamper financial inclusion gains in Africa

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In an increasingly digital economy, accelerated by the Covid-19 pandemic, there has been greater collaboration between the private sector and governments in Africa to...
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