Keep Using MoMo – Mobile Money Limited CEO Encourages Ghanaians

Chief Executive of Mobile Money Limited for the MTN, Eli Hini has pleaded with the general public not to redraw the service of MoMo due to the implementation of the e-levy. Speaking on the Tuesday, Eli Hini also encouraged Ghanaians to keep using the Mobile Money. According to him, the service’s worth extends beyond the E-Levy, and

the convenience it provides will be the determining factor in its success. His assertion follows concerns raised by a section of the public about their displeasure in the tax. They also threatened to redraw the services of the MoMo platform. In response, he explained that MoMo platform has also aided in the maintenance of many businesses

around the country. According to him, MoMo platform’s services were created to provide financial intermediation for Ghanaians who did not also have access to a bank account, but the medium has now enabled people to borrow for small enterprises. You will be surprised that a loan of GHS 1000 is enough to fix somebody’s hair salon

or barbering shop, he said. For this reason, he believes the conveniences that come along with the platform will thrive the adoption and continue to keep the momentum for our customers to use it over and above whatever the discussion around e-levy is. He added that when the customers began to see the value that misconception

itself will begin to change. He noted that MTN will also monitor the landscape to ensure that customers are well educated on the benefit of the service. Meanwhile, Economist, Dr. Patrick Asuming, says he will be surprised if government withdraws the Electronic Transaction Levy (E-Levy) within the shortest possible time, despite the

challenges and perception from consumers. According to him, though government has scrapped such indirect taxes such as the luxury vehicle tax in the past, its unlikely do so this time around, given the current economic challenges facing the country. Mr Asuming urged government to step up its game in revenue management to mobilise more money.