MTN Ghana CEO, Stephen Blewett, has clarified that the abolition of the Electronic Transfer Levy (E-Levy) cannot take immediate effect, as it must go through the necessary regulatory process.
Speaking at MTN House in Accra on April 2, he emphasized that the company must wait for official instructions before making any changes.
“There is a process that has to be followed. I can’t abolish E-Levy until I’m told to do it. If I do it ahead of time, the Bank of Ghana will catch me,” he said.
His remarks come in response to President John Dramani Mahama’s recent approval of legislative bills aimed at scrapping several taxes, including the E-Levy, Betting Tax, and Emissions Tax.
While acknowledging the positive impact of the tax removal on digital transactions, Blewett assured the public that MTN would comply with all legal procedures.
“The reason for the abolishment of E-Levy is to encourage momentum in mobile money,” he explained.
He further reassured mobile money users that once the necessary processes are completed, MTN will implement the changes accordingly.
“We will follow the process. And once it’s gone, mobile money will regain its strength.”
