Monday, August 8, 2022
spot_img
HomeGovernment's decision to tax momo transactions draconian – Nana Aba Anamoah

Government’s decision to tax momo transactions draconian – Nana Aba Anamoah

Nana Aba Anamoah, the General Manager of GHOne Television, has condemned the government’s decision to tax mobile money transactions calling the decision “draconian.”

Mr Ken Ofori Atta while presenting the 2022 budget statement to Parliament on Wednesday stated that: “It is becoming clear there exists the enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being undertaken in the ‘informal economy and after considerable deliberations, the government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector. This shall be known as the ‘Electronic Transaction Levy or E-Levy’.”

The new E-levy will be a 1.75 percent fee on all electronic transactions, including mobile money payments, bank transfers, merchant payments, and inward remittances, which will be charged by the sender except for inward remittances, which will be borne by the receiver, according to the Minister.

However, Nana Aba Anamoah has raised concern over the government’s intention to tax mobile money transactions in Ghana, which is a sharp departure from the position taken by Ghana’s Vice President in 2020.

She said “What happened? What changed? Where did this 1.75% on 100 cedis and above on MoMo come from?@nakufoaddo & Dr. Mahamudu Bawumia], this is draconian”.

Source: unscriptedseries.com

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments