Government urged to educate citizens on E-Levy to avoid panic withdrawals

A Lecturer at the Finance Department of the University of Ghana, Business School, Professor Lord Mensah says communication on the passage of the E-levy and its intended purpose is still not clear to the public hence the panic withdrawals being witnessed.

His comments come after most MoMo agents recorded a lot of cash-outs following the passage of the E-levy Bill into law.

Speaking in an interview with Thelma Tackie, on the GTV Breakfast, Professor Mensah called for "proper education on how the E- levy works to discourage cash-outs”.