The Bank of Ghana will tomorrow February 6, 2024, meet officials of the Ghana Revenue Authority and stakeholders within the financial sector to address concerns regarding unauthorised deductions on mobile money transfers.
This is coming after several mobile money users complained about unauthorized deductions during transactions.
Following the implementation of the Electronic Transfer Levy, some mobile money users have been complaining of deductions which is far more than the authorised 1.0% levy.
Deputy Ranking Member on Parliament’s Communications Committee, Sam George, addressing the media in Parliament on Monday, February 5, 2024, called on the authorities to address the issue with urgency.
He expressed worry about the implementation construction of the e-levy, urging the government to do the needful
“I still hold the view that the whole implementation architecture of this e-levy is problematic and the government needs to sit down and understand what it wants to do and not be in a hurry. President Akufo-Addo told us he is in a hurry but he is in a hurry to fail and that is exactly what they are achieving”.
He also revealed the upcoming meeting involving the Bank of Ghana, Electronic Money Issuers (EMIs), telecommunications companies, and banks. The discussion aims to address the systemic issues associated with the ELMAS system.
“I am aware there is a meeting where the Bank of Ghana, the EMIs the telcos and the banks are supposed to sit to have a conversation. Because there is a problem with the system that is run.
“They have the ELMAS system or something. And what is happening is the banks and the EMIs are not doing real-time uploads of data to the ELMAS system”, he added.
Latest Stories
-
Paris 2024: Opening ceremony showcases grandiose celebration of French culture and diversity
3 hours -
How decline of Indian vultures led to 500,000 human deaths
4 hours -
Paris 2024: Ghana rocks ‘fabulous fugu’ at olympics opening ceremony
4 hours -
Trust Hospital faces financial strain with rising debt levels – Auditor-General’s report
5 hours -
Electrochem lease: Allocate portions of land to Songor people – Resident demand
5 hours -
82 widows receive financial aid from Chayil Foundation
5 hours -
The silent struggles: Female journalists grapple with Ghana’s high cost of living
5 hours -
BoG yet to make any payment to Service Ghana Auto Group
5 hours -
‘Crushed Young’: The Multimedia Group, JL Properties surprise accident victim’s family with fully-furnished apartment
6 hours -
Asante Kotoko needs structure that would outlive any administration – Opoku Nti
6 hours -
JoyNews exposé on Customs officials demanding bribes airs on July 29
7 hours -
JoyNews Impact Maker Awardee ships first consignment of honey from Kwahu Afram Plains
8 hours -
Joint committee under fire over report on salt mining lease granted Electrochem
8 hours -
Life Lounge with Edem Knight-Tay: Don’t be beaten the third time
8 hours -
Pro-NPP group launched to help ‘Break the 8’
9 hours