General News

Nana Aba Anamoah Tackles Gov’t for ‘Draconian’ Momo Tax; References Bawumia’s Stance on Momo Taxation

Broadcast journalist, Nana Aba Anamoah has urged the government to reconsider their stance on charge 1.75% tax on mobile money transactions.

The government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector.

Presenting the 2022 Budget Statement and Economic Policy in Parliament on Wednesday (17 November), Ofori-Atta said, this shall be known as the “Electronic Transaction Levy or E-Levy.”

He said, “Electronic transactions covering mobile money payments, bank transfers, merchant payments and inward remittances will be charged at an applicable rate of 1.75%, which shall be borne by the sender except for inward remittances, which will be borne by the recipient.”

“Mr Speaker, this new policy comes into effect from 1 February 2022. The government will work with all industry partners to ensure that their systems and payment platforms are configured to implement the policy.”

Reacting to it, Nana Aba said the move is draconian, particularly when the Vice President had earlier suggested that it’ll be insensitive to tax momo transactions.

She wrote “what happened? What changed? Where did this 1.75% on 100 cedis and above come from? @NAkufoAddo & @MBawumia, this is draconian.”

 

 

 

Source: GhanaFeed.com

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