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April 16th , 2025

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B R K

3 years ago

A SAID NDC MAN SHARES HIS IDEA TO AVOID PAYING E-LEVY ON MOMO TRANSACT

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Finance

3 years ago

NDC Man Shares Trick To Avoid Paying E-levy On MoMo Transactions ,A communicator for the opposition National Democratic Congress(NDC), Hanan Confidence Abdul has shared a trick whereby mobile money users can avoid paying the Electronic Levy tax. The NDC have been a fierce critic of the controversial tax with the Minority boycotting its passage. Hanan Confidence posted on social media “How to protect your money from wicked #MoMoTax and MoMo charges. Read the full post below: 1. If you send GHC 600 to your mother’s MoMo number, you will be charged 1% ie GHC 6 by MTN then charged 1.5% ie GHC 7.50 by government. Then when she withdraws, she will be charged GHC 6. So on one transaction of 600, total deductions will be GHC13.50. 2. Do this instead. Let her go to a MoMo vendor and mention your number to the vendor. Allow Cash Out wherever you are and give your ID number. The vendor initiates withdrawal and it comes to you for approval wherever you are. You approve. Your mother receives cash. This way you avoid MTN charges on transfer and you avoid the wicked #MoMoTax 3. You only pay GHC 6 on GH 600 instead of 13.50 cedis. 4. We owe a duty to ourselves to make sure these wicked charges don’t finish us. It is part of the resistance. 5. What other innovative ways should we adopt? We the people are on our own. Drop your strategy and let’s kill this banza tax.

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