Comply With Implementation Of E-levy – Mobile Money Agents Association Tells Members
The Mobile Money Agents Association, has called on agents across the country, to comply with the implementation of government’s 1.5%, which will take off on Sunday, May 1, 2022.
In a statement issued on April 30, Association urged its members to continue to educate the general public on the new tax initiative as it will “help restore confidence in and continuous usage of the platform to facilitate all financial transactions”.
The statement, which was issued by the Associations’ General Secretary, Evans Otumfou, further disclosed that, deposits, withdrawals/cashouts and savings on momo wallets will not be affected by the new tax policy.
The Association also reiterated that, “agents have no hand in e-levy charges or collection hence customers are not to pay any e-levy charges to Agents”.
In conclusion, the Association urged its members to ensure a smooth implementation of the policy, as it strives to champion their interest.
“Management highly appreciates the long standing challenges facing Agents in the business and would take steps at remedying as soon as discussions on e-levy settle.
We call on Government to intensify education on the e-levy scope through a nationwide in-person engagement”, the statement ended.
Meanwhile, the Ghana Revenue Authority has announced its decision to commence the operationalization of the E-levy from May 1 in a modified-phased approach.
This follows the results of an assessment carried out by the GRA to test the general readiness of some charging entities to integrate with the E-Levy management system.
The new development is a snag in the Authority’s plan to fully implement the E-levy by May 1.
Earlier this week, Ningo-Prampram MP, Sam George Nartey, had stated that the Authority was not ready to implement the Electronic Transaction Levy (E-levy) despite it saying otherwise.
According to him, processes that will ensure the effective run of the controversial tax have still not been completed.
The Ningo-Prampram MP noted that, as it stands, the Application Programming Interface (API) and the security architecture have not been made available to the telecommunications companies (Telcos).
“I can speak on authority that as at close of day as late as 11 pm last night (Wednesday), when the Commissioner-General for the GRA says all the APIs have been given to all Electronic Money Issuers (EMI) is incorrect. At least two APIs are still outstanding,” he said.
“Critical amongst the two is the reversal API. The GRA at the last technical meeting admitted that because all the robustness tests have not been done for the system, there’s a possibility of downtimes where when you place a call to the API to do all the checks before a tax is applied or not applied, and it’s possible that you will not get the checks done in real-time.
He explained that GRA has decided that when such a situation arises “go ahead and apply the tax, even though that transaction is exempt, and then subsequently when the system comes back online we would do a reconciliation and then do the reversal of the 1.5 that was charged.”
He stated that this is likely to create problems, including the likelihood of sparking confusion at Mobile money vending points.
“The communication has gone out there that these category of persons are exempt [and] with instances like this, momo agents will be attacked because consumers will accuse them of trying to steal their 1.5 of the money sent. So you’re exposing the momo agent to possible agent because of a lack of proper communication, ” he said.
He also stated that this also indicates that the implementers are not ready to do any reversal in such instances.
“You have not given any timeline for this reconciliation. So no one knows when the reversal will be done. And critical amongst all is that the APIs that will allow the EMIs and the PSPs to do the reversal has not been given to them. This indicates that the government is not ready to do any reversal for wrong transactions,” he said.