The Mobile Money Advocacy Group Ghana (MOMAG) and mobile money agents have voiced their disappointment with the Ghana Revenue Authority (GRA) over the imposition of the E-levy on agent SIM cards, citing it as leading to double taxation for their businesses.

In a statement issued on Wednesday, March 20, 2024, MOMAG stated that despite engaging with the GRA to address their concerns, no satisfactory outcome has been reached.

The introduction of the new levy, combined with the existing 10% income tax on all transactions, is posing a threat to the financial viability of their businesses, according to MOMAG.

“The current situation is untenable, and if not addressed promptly, we risk losing all our capital due to the heavy burden of double taxation,” the statement read.