MTN Ghana and AirtelTigo have decided to cut person-to-person mobile money transfers by 25% as their way of helping consumers afford the upcoming e-transfer tax (E-Levy).
“… To reduce the overall impact of the new tax on consumers, MTN and AirtelTigo have agreed to lower their P2P (person-to-person) transfer fees by up to 25% depending on the respective operator. Vodafone currently has no fees, ”a statement from the Ghana Telecommunications Chamber said.
A statement from the Ghana Telecommunications Chamber said the reduction would take effect upon enactment of the E-Levy Bill, bringing into effect the 1.75% consumption tax on electronic transfers.
He added that each operator would inform its customers of the applicable revised tariff when the e-direct debit bill was promulgated.
This means that from the moment E-levy takes effect, the MTN and AirtelTigo fees on person-to-person transfers will be reduced from 1% of the transferred amount to 0.75% of it.
Vodafone Ghana has already rated all money transfers on Vodafone Cash and from Vodafone Cash to all other networks at zero. It has maintained the free transfer policy for over a year now.
The Telecommunications Chamber said that while industry players recognize the need to expand the tax net, they have also deliberated at length with the government on the need to reduce the impact on our consumers, hence the reduction transfer fees.
“Our customer service centers would be ready to provide assistance to customers during the implementation of electronic tax. We pledge our continued support to our customers and will continue to deliver innovative products and services that ensure the convenience of digital financial platforms and support the nation’s digital transformation effort, ”the statement said.
Meanwhile, according to the yet to be passed E-Levy Bill, only four items are exempt – transfers up to GHS 100 per day, transfers between accounts belonging to the same taxpayer, transfers between merchants and transfers for the payment of taxes, fees and charges on Ghana.gov.