#momotax

The Minister for Communications and Digitalization Ursula Owusu has said that the government of Ghana is likely to raise Ghs500m per month from the newly introduced E-Levy. She also mentioned that the government is also likely to raise over Ghs9 billion each year from the newly introduced E-Levy. While presenting the 2022 budget in Parliament on 17th November Finance Minister Ken Ofori-Atta said that government introduced 1.7% E-Levy payable by mobile money users per transaction over Ghs100.00 as a result of the…

Mmeber of Parliament Ursula Owusu Ekufful has reacted to the e-levy which government of Ghana has introduce and will be effective from 2022. There have been calls from the general public for government to scrap the 1.7 percent levy it will be imposing on all electronic transactions in Ghana from 2022 since it's draconian. The likes of Nana Aba Anamaoah has questioned why the government is imposing the tax on electronic transactions but lifting that of toll booth. Reacting to the ongoing conversation, the Minister…

On Wednesday 17th November 2021, the Finance Minister Ken Ofori Atta presented the 2022 budget before the floor of Parliament and he announced that government from 2022 will impose a 1.7 percent tax on all electronic transactions. it’s 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…