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“You Will Not Be Charged Tax If You Send 100ghc MoMo Daily For 30 Days”



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“You Will Not Be Charged Tax If You Send 100ghc MoMo Daily For 30 Days”

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Minister of Communications, Ursula Owusu-Ekuful has declared that anyone who transmits GH¢3,000 in a month will not be taxed.

The Ablekuma West MP was responding to public outcry in Ghana over the government’s proposal of a 1.75 percent tax on MoMo transactions over GH¢100, among other things.

A group of Ghanaians, including the Minority in Parliament, has spoken out against the recently enacted electronic levy.

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The demonstrators claim that the action will exacerbate Ghanaians’ woes.

“If you have more than a hundred to send per day, you aren’t impoverished… So, if you are truly impoverished and can donate 100ghc every day, we need to re-classify who the true beneficiaries of these are. And only the sender, not the recipient, is responsible for payment. Unlike telecommunications companies, where both the sender and the receiver pay,” she told the press on Thursday.

Following the abolition of road tolls, Finance Minister Ken Ofori-Atta declared on Wednesday that the government was exploring for other ways to raise money.

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The new tax, according to Ms Owusu-Ekuful, is estimated to bring in around GH¢500 million every month for the government.

Ghana’s finance minister Ken Ofori-Atta has announced that the government intends to introduce an electronic transaction levy (e-levy) in the 2022 budget.

He said this was to “widen the tax net and rope in the informal sector”.

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The proposed levy, which will come into effect on 1 February 2022, is a charge of 1.75% of the value of electronic transactions. It covers mobile money payments, bank transfers, merchant payments, and inward remittances.

The originator of the transactions will bear the charge except for inward remittances, which will be borne by the recipient. There is an exemption for transactions up to GH¢100 ($16) per day



Suliaman

Suliaman Alhassan Cobbiah is a Ghanaian Broadcast Journalist/Writer who has an interest in General News, Sports, Entertainment, Health, Lifestyle, Sulaiman is a fun loving person, loves to research, educate and many more.

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