Mobile network operators have agreed to a 25% cut in mobile money transaction charges to accommodate the controversial E-Levy proposed by the government in the 2022 budget.

In a statement, the Ghana Chamber of Telecommunications (GTC) said to reduce the overall impact of the new levy on consumers, MTN and AirtelTigo have agreed to a downward revision of their person to person transfer fees by up to 25% depending on the respective operator. Vodafone currently has no charges. The 1.75 per cent e-levy takes effect from 1 February 2022 and covers mobile money payments, bank transfers, merchant payments, and inward remittances.

There is an exemption for transactions up to GH¢100 ($16) per day.