E-levy: Panic withdrawals hit mobile money vendors – Spokesperson for Association

The Mobile Money Agents Association of Ghana has stated that there has been unprecedented panic withdrawals at the mobile money vending stations after five days of implementing the e-levy.

Spokesperson of the Association, Charles Kwesi Addo, in an interaction with JoyNews said its members are overwhelmed by the numbers.

“As at Friday even before the implementation of the levy on the 1st of May that was Sunday, there were withdrawals. A lot of people were coming to our stand because of the holiday and the long weekend.

“We were finding it very difficult to understand, because almost 80% of customers that walk to our stand were withdrawing which has never happened so we were finding it very difficult,” he said.

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According to him, due to the numbers showing up to withdraw money, they turned some of them down “because we were unable to give them physical cash.”