28.5 C
Accra
Saturday, December 4, 2021

‘I don’t believe Mobile Money should be taxed’ – Bawumia   » GhBase•com™

Vice President, Dr Mahamudu Bawumia, in August last year, postulated that Mobile Money (MoMo) should not be taxed.

– Advertisement –

In his view, the majority of MoMo users are poor, therefore, should it be taxed, these ones will suffer more.

Speaking in an interview with Kwami Sefa Kayi on PeaceFM, the vice president said, “I don’t think Mobile Money should be taxed because most of the people who use the service are poor people so if you put more taxes on it they will suffer.”

But just a year after making that proclamation, the NPP gov’t has placed 1.75 percent tax on Mobile Money and electronic bank transactions.

So, the FAQs is, what triggered the U-turn by Ghana’s incumbent NPP party? Ah well, posterity as it stands remains the best judge.

– Advertisement –

Source link

Latest news
Related news