Ghanaian rush to withdraw all their money from their mobile money wallet after passage Of E-Levy

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A report put together by Class News reveals that several Ghanaians have started withdrawing money from their mobile money account after the ruling government passed the law despite the overwhelming opposition shrouding it months before it was passed.

Per the report sighted, a lot of people in the Ashanti Region gave started taking out their money after the passage of the electronic transaction Levy (E-levy) by Parliament on Tuesday, March 29, 2022, according to the Ashanti regional correspondent, Elisha Adarkwah for Class News.

Mobile Money merchants told the reporter that the majority of those who have come to transact business with them are withdrawing and none depositing. They noted that the E-levy can collapse their business if the President assents the bill into law in the coming days.

Some people who went ahead to withdraw their money from their Mobile Money accounts told also Elisha Adarkwah that it was because of the passage of the E-levy bill. Elisha Adarkwah reported that people are withdrawing as much as GHS5,000 and GHS4,000 from their wallets.

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The mobile money vendors expressed worry the rush for withdrawal of monies by the customers will collapse their business. They called on the government to exempt momo transactions from the E-levy

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