MTN announces removal of E-levy charges on MoMo transactions

*MTN Ghana has officially scrapped the 1% Electronic Transfer Levy (E-Levy) on mobile money transactions.

The telecom giant confirmed on April 3, 2025, that the levy no longer applies, following President John Dramani Mahama’s approval of a new tax bill.

Signed into law on April 2, the bill also eliminates the betting and emission taxes.

Addressing public concerns, MTN Ghana CEO Stephen Blewett clarified that regulatory procedures had to be followed before ceasing deductions.

Speaking in Accra, he stated, “I can’t abolish E-Levy until I’m told to do it,” emphasizing the need for compliance with the Bank of Ghana’s regulations.

With the levy removed, MoMo users can now transfer funds without additional charges.