The 1.5% tax on wire transfers was implemented on May 1, 2022.
This will increase the mobile money transfer fee to 2.25% for customers transacting amounts over GH¢100.00 per day.
However, Vodafone Cash customers will only be required to pay the 1.5% E-Levy as transfer fees to any network remain free, a statement from the company said.
“Vodafone Cash customers can send any amount to other mobile money users on the various networks and only pay the mandatory 1.5% E-Levy, instead of the expected transaction fee of 2.25% charged by other telecom operators.Since the implementation of the E-Levy on May 1, 2022, Ghanaians have shared many positive comments and kudos on social media regarding the ongoing transactions initiative free Vodafone Cash,” he said.
The statement said that in July 2020, Vodafone Cash took a bold step to waive all fees on Vodafone Cash transfers to reduce the financial burden on customers caused by the COVID-19 pandemic.
Vodafone Ghana Managing Director, Patricia Obo-Nai, said in the statement, “At Vodafone, we understand that our customers are facing financial hardship due to the economic hardship resulting from the COVID-19 pandemic. This free service will help our customers meet these challenges. We want our customers to send money with confidence, whether it is to access health services, for educational purposes or for urgent remittances to family and loved ones in remote areas of the country, without worrying about transfer fees. We are delighted that this service has brought great financial relief to our customers and small businesses across the country. »
The release says Vodafone Cash has made a name for itself by providing leadership through innovative financial products.