Stop Withdrawal MTN-MOMO From Your Wallets Mobile Money Limited CEO Urges Ghanaians
A call has been made to the customers of the MTN to cease their movement of massive withdrawing money from MoMo wallets due to the government's implementation of the e-levy.
Freeman Koryekpor Awlesu Greater A call has been made to the customers of the MTN to cease their movement of massive withdrawing money from MoMo wallets due to the government's implementation of the e-levy.
The Chief Executive of Mobile Money Limited for MTN, Mr. Eli Hini who made the call encouraged Ghanaians to keep using the Mobile Money.
According to him, the service’s worth extends beyond the E-Levy, and the convenience it provides will be the determining factor in its success.
His assertion follows concerns raised by a section of the public about their displeasure with the tax.
They also threatened to redraw the services of the MoMo platform.
In response, he explained that the MoMo platform has aided in the maintenance of many businesses around the country.
According to him, the MoMo platform’s services were created to provide financial intermediation for Ghanaians who did not have access to a bank account, but the medium has now enabled people to borrow for small enterprises.
“You will be surprised that a loan of GHS 1000 is enough to fix somebody’s hair salon or barbering shop,” he said.
For this reason, he believes the “conveniences that come along with the platform will thrive the adoption and continue to keep the momentum for our customers to use it over and above whatever the discussion around e-levy is.”
He added that “when the customers began to see the value that misconception itself will begin to change.”
He noted that MTN will monitor the landscape to ensure that customers are well educated on the benefit of the service.
Meanwhile, Economist, Dr. Patrick Asuming, says he will be surprised if the government withdraws the Electronic Transaction Levy (E-Levy) within the shortest possible time, despite the challenges and perceptions from consumers.
According to him, though the government has scrapped such indirect taxes as the luxury vehicle tax in the past, it's unlikely to do so this time around, given the current economic challenges facing the country.
Mr. Asuming urged the government to step up its game in revenue management to mobilize more money.
