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- Is The E-Levy Slowing Down Mobile Money Transactions?
Is The E-Levy Slowing Down Mobile Money Transactions?
According to the Bank Of Ghana, the value of mobile money transactions in April reduced by 3% from GH¢90.5 billion in March to GH¢87.7 billion.
On May 1st, the current administration passed the controversial E-Levy bill which placed a 1.5% tax on mobile money transactions. This has been some public backlash and some fear that the bill will have an effect on mobile money transactions in the future.
Right now, it’s too early to tell but could the early April figures give an indication of what’s to come in the future?
It remains to be seen.
We’ll keep an eye on the May numbers when they become available.
On to the news of the week:
Mastercard and fintech giant OPay have announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity
Ghana has become the first West African country with a Low Earth Orbit (LEO) satellite gateway station.
NkomorCare Technologies, a healthcare and financial technology startup operating out of Accra, Ghana has finally launched the Nkomor mobile app after months of teasing the app release.
Esaal, one of the largest technology platforms for online health and wellness consultations in the MENA region, has completed the final tranche of its $1.7M Seed funding round, led by A15.
Ghanaian Technology and broadband infrastructure company, CSquared Ghana has been appointed as a reseller partner to Angola Cables to extend wholesale and IT solutions to its customers
54gene, the health technology company advancing African genomics research for improved global health outcomes, has partnered on a new Senegal research study SEN-GENOME