MTN Ghana has officially announced the removal of the 1% Electronic Transfer Levy (E-Levy) on all mobile money (MoMo) transactions.
In a message sent to customers on Thursday, April 03, the telecom giant confirmed that the levy has been abolished and will no longer apply to MoMo transfers.
The move comes after President John Dramani Mahama signed a new tax bill into law on Wednesday, April 02, 2025, effectively scrapping the E-Levy, along with the betting tax and emission tax.
MTN Ghana’s CEO, Stephen Blewett, had earlier addressed public concerns about the timeline for implementing the E-Levy removal.
Speaking at MTN House in Accra on April 2, 2025, he assured Ghanaians that while the government had approved the repeal, telecom operators had to follow regulatory procedures before ceasing levy deductions.
“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. So we have a process that has to be followed, and we will follow that process,”
With the latest announcement from MTN Ghana, MoMo users can now enjoy seamless transfers without E-Levy deductions.
Prof. Lord Mensah explains how Ghana will benefit from scrapping of E-Levy
