General News

Blame E-Levy if I don’t send funeral momo again – MP to constituents

Member of Parliament for Nabdam in the Upper East region, Mark Kurt Nawane has asked his constituents to blame the Vice President of Ghana Dr. Mahamudu Bawumia if he stops blessing their momo wallets.

According to him, the introduction of the e-levy will be a heavy toll on people like himself and may affect the transactions he has been making to his constituents to support them with some finances.

He said the introduction of the levy may end his momo arrangement with the people; a position he’s finding difficulty in taking.

He wrote on his Facebook wall “blame Bawumianomics if I stop sending Momo to you for the payments of fees, funeral donations and other appeals for assistance. The E- levy is anti – Momo”.

Finance Minister Ken Ofori Atta while presenting the 2022 budget statement to Parliament in November said “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”.

“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 Minister explained that the new E-levy will be a 1.75 percent charge on all electronic transactions covering mobile money payments, bank transfers, merchant payments and inward remittances to be borne by the sender except inward remittances, which will be borne by the recipient.

Ghanaians since the budget reading have complained bitterly about the tax in the offing considering the fact that the telecommunications companies take charges on monies being sent already.

 

 

Source: MyNewsGh.com

 

 

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