MoMo Agents suspend increase in charges

Mobile Money Agents have been asked to proceed to perform their services with their customers under the usual arrangements regarding charges.

The directive was given by the leadership of the Mobile Money Agents Association of Ghana (MMAAG) after a meeting with officials of the Ghana Revenue Authority (GRA) over the 10 percent withholding tax on Cash-out service.

The Association had announced hikes in charges with effect from Thursday, July 1, following the imposition of a 10 percent tax on charges.

According to leadership of the Association, they have asked GRA to suspend the taxes by two months to allow them engage with stakeholders.

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