General Secretary of the Mobile Money Agents Association of Ghana, Evans Otumfuo has revealed that the introduction of the electronic transaction levy (E-Levy) led to the collapse of nearly 17,000 mobile money businesses nationwide.
In an interview with the media yesterday, Otumfuo indicated that the excessive taxation drained the working capital of many agents, ultimately pushing them out of business.
After a conducted internal survey, the association discovered that that numerous agents shut down their operations
