Traders and artisans of Magazine in the Ashanti Region have expressed concerns over the introduction of the electronic levy (e-levy) on mobile money (MoMo) and other digital transactions.
They said the introduction of the levy in the 2022 budget would affect their businesses and compound the high cost of living in the country.
Some traders complained “this is going to burden us the more because we already pay GHC1 per every GHC100 transaction to the mobile money agents. Already we are being suffocated with the GHC1 charges.”
Finance Minister, Ken Ofori-Atta, during the 2022 budget statement presentation in Parliament said, effective January 1, 2022, the Government would impose a 1.75 percent levy on mobile money and other digital transactions.
However, the move has been criticized by many people, with some saying levies were taking all their earnings and making the cost of living very high.
According to the Chairman of Magazine Garages Zone 18, Mr. Wustars Malik Muhammad, “what struck me most, as usual, is the introduction of another tax. It is so sad that mobile money transaction is about to be taxed on top of all the taxes we have to pay”.
Chairman Wustars added, “The introduction of this tax would force many out of business. The government must rather reduce taxes to create an enabling environment that will support the creation of jobs by the youth.
Source: Mybrytnewsroom/Kwabena Nyarko Abronoma
