The Ghana Revenue Authority (GRA) has commenced the implementation of the Electronic Transfer Levy on 1st May, 2022.
According to GRA, transfers from Bank account to Momo account of same person or transfers from MoMo account to Bank account of same person will not be charged E-levy.
But, before this can happen, individuals account holders have to link their Bank accounts and the Momo account with the Ghana Card.
After that, make sure, you link your Momo account to your Bank account to avoid paying E-levy when ever you do any transfer/transaction.
How to check if your MTN Momo account is linked to your Bank account
To check if your MTN Momo account is linked to your Bank account to avoid paying the pickpocket E-Levy, follow the process below:
1. Dial *170# and select option five, which is Financial services
2. Select Option 1 Bank Services
3. Select Option 1 Transfer to Bank or Option 2 Transfer from Bank
4. Select your bank name
NOTE THE FOLLOWING
1. If your Momo Wallet is linked to your account, your account number and name will pop up. This means you can send money to your account and vice versa without paying for the E-Levy.
2. If your Momo wallet is not linked, you will see a message telling you to contact your bank for the integration.
3. Once your Momo wallet is linked to your bank account, you can transfer money without paying for E-Levy.
SOURCE: Coverghana.com.gh