The Ghana Mobile Money Men's Association has stated that there have been unprecedented panic withdrawals at mobile money vending stations after five days of implementing the e-tax.
Association spokesman Charles Kwesi Addo, in an interaction with JoyNews said that his members are overwhelmed by the numbers.
“Like Friday, even before the implementation of the levy on May 1, which was a Sunday, there were withdrawals. Many people came to our booth for the holidays and the long weekend.
“It was very difficult for us to understand, because almost 80% of the customers who were walking to our booth were leaving, which had never happened before, so it was very difficult for us,” he said.
According to him, due to the number of people who showed up to withdraw money, some were rejected "because we couldn't give them physical cash."
He added that others also rushed to withdraw money because they were misinformed about electronic tax deductions from the money in their wallets.
The introduction of the e-levy was met with controversy and the Minority took up the matter in the Supreme Court.
Former President John Mahama has also said the tax will be removed if NDC wins power in 2024.
On the ground Thursday, subscribers say they have become more cautious since the tax was introduced on May 1.
IIn an interview with Samuel Mbura of JoyNews, some users of the mobile money service raised concerns about using the facility after the e-tax was implemented.
One user said: “for now I only deposits when I wants to buy airtime or something. I I have most of my money with me, but now the e-tax has come to stay with us, but I will still keep the money. But for now, I I just want to hang on until I have a better understanding of e-tax."
Another subscriber also noted that "I even sent money this morning, but not a large sum of money, at least 100, 200, 300 at most."
The situation is no different in parts of the country where subscribers say they are unwilling to put their money in their wallets.

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