Agents from MoMo have put a halt to the previously planned price hike

MoMo agents have been instructed to continue providing services to their customers under the regular pricing arrangements.

Following a meeting with representatives of the Ghana Revenue Authority (GRA) regarding the 10% withholding tax on Cash-out services, the leadership of the Mobile Money Agents Association of Ghana (MMAAG) issued the instruction.
Following the introduction of a 10% tax on charges, the Association announced charge increases that will take effect on Thursday, July 1.

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According to MMAAG’s leadership, they have requested that the tax be delayed for two months so that they may interact with stakeholders.
“Management will be engaged by GRA with other stakeholders in the coming weeks for a further conversation and other topics pertaining to taxation on the Momo Agent’s operations,” they said in a statement released on Wednesday, June 30.

“By issuing this release, we are requesting that our valued members continue to provide their services to customers in accordance with the regular fee agreements.

“Consumers should be aware that we are available to assist them and that they should continue to do business with our members.”

The MMAAG has requested telecommunication networks to produce proof of paying the 10% withholding tax on behalf of agents within one week.

Source: 3news


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