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These are tips on how to avoid paying E-LEVY in Ghanas while using MoMO and Bank services:
- 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
The E-LEVY is a 1.25% on all electronic transfers. Another way to avoid paying it are outlined below:
- To avoid payment of the 1.5% 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
E-LEVY was implemented in Ghana on May 1 2022.