Tag: E-levy
Mobile money ecosystem grows over 180% after e-levy reduction
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’
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions.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
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
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
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
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...
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
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
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
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...