The government of Ghana, as part of strategies to widen the country’s tax net, has announced an Electronic Transaction Levy.
It will be a 1.75 percent charge on all electronic transactions. This fee, according to the Finance Minister, Ken Ofori-Atta, is to enhance financial inclusion and protect the vulnerable.
Transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances will have the levy imposed on them and will be borne by the sender.
“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”, Ken Ofori-Atta said on Wednesday, during the presentation of the 2020 Budget in parliament.
It’s at the back of the 1.75 percent MoMoTax that Ghanaian youths especially netizens have called on brutally honest political critic in the person of Twene Jonas to add his voice to the brouhaha perhaps the gov’t will listen.
Y’all know how Twene Jonas speaks truth to power matters like this. Therefore, these netizens believe that Jonas will chastise the leaders until Akufo Addo and his cohorts do the needful.
Check out the post below: