Following the imputation of the throat-cutting E-LEVY on May 1, 2022, Ghanaians have been looking for ways to avoid paying E-LEVY while using mobile money services.
As a result, some individuals have shared valuable nuggets on how individuals can bypass the E-LEVY deductions while using MoMo.
How is that even possible? Well, one would have to pay an E-LEVY charge of 1.25% on any transfer made in addition to the charges by the telcos. Exorbitant!
How can one, therefore, use MoMo transactions without the E-LEVY having an effect on the finances?
Yayra Koku shared the tip by writing…
- Avoid sending money from your bank account to any Momo wallet.
- That is going to attract 1.5% E-Levy.
- Since withdrawal from your Momo wallet is exempted from E-Levy, anytime you want to send money to someone, tell the person to go to an agent and allow cash out.
- Send the person your ID number, and you are through.
- If you can’t do any of these, go back to using ATM and Cheque book.
- E-Levy is another avenue for Akufo Addo to enrich his family and friends. Don’t be part of this daylight robbery
Sabonzy, a Twitter user also shared his tips by writing…
- To avoid payment of the 1.25% E-Levy taxes, do the following; (This is not illegal means but avenue to protect the poor in the society)
- Send/Receive money at agent point
- Send money in GHC 100 daily
- Avoid bank to other momo transfers
- Avoid bank to bank transfers
Others have also suggested that subscribers could start using the Mobile Money platform Vodafone Ghana offers which is free of charge.