MTN Ghana CEO Stephen Blewett has emphasized that the telecom giant cannot abolish the Electronic Transfer Levy (E-Levy) without following the necessary regulatory process.
Speaking at the MTN House in Accra on Wednesday, April 2, Blewett stated that the company must wait for official instructions before making any changes to the levy
“There’s a process that has to be followed,” Blewett said, highlighting the importance of adhering to regulatory frameworks.
He added, “I can’t abolish E-Levy until I’m told to do it. If I do it ahead of time, the Bank of Ghana will catch me”
Blewett also shared his thoughts on the performance of the E-Levy, which was introduced to generate revenue for Ghana’s economy.
He revealed that the levy has underperformed, failing to meet expectations. “I read an article a few days ago, and in terms of what it actually delivered for the fiscals, it was not nearly as high as the predictions,” he said.
The removal of the E-Levy is expected to drive financial inclusion and encourage mobile money transactions.
However, MTN Ghana, like other financial institutions, must wait for the official directive before making changes to its mobile money operations.
Once the levy is abolished, mobile money transactions are expected to rebound, benefiting both individual users and businesses that depend on seamless digital payments.
As Blewett assured, “We will follow the process, and once it’s gone, mobile money will regain its strength”
