Latest News: Mobile Money to be taxed-Ken Ofori Atta says

Mobile Money to be taxed-Ken Ofori Atta says

The Minister of Finance Ken Ofori Atta Today has presented the 2022 budget in parliament and has revealed that there will be a 1.75% of electronic levy on mobile money.

The 2022 Budget was read in parliament today. The Finance Minister also revealed that The president is having sleepless nights due to the economic hardship in the Country.

Ghana’s Finance Minister Ken Ofori Atta

Ghana is one of the heavily indebted Countries according to International Monetary Fund. The Minister has said that Mobile Money users should expert an E-levy of 1.75%.

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There is a serious economic hardship in the country now. Minister Ken ofori Atta also revealed that out of 30 million Ghanaians only 2.3 million pay tax.

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He also announced that there will be no more public tolls. The government has revealed that from next year there will be an Electronic levy on all mobile money transactions.