Politics

We’ll stand by you to oppose the 1.75 percent MoMo tax – Minority to Ghanaians

The Minority in Parliament has vowed to resist the government’s decision to impose a 1.75 percent levy on all electronic transactions.

The 1.75 percent levy will be imposed on transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances.

The Finance Minister, Ken Ofori-Atta, who disclosed this during the presentation of the 2021 Budget Statement, said the levy is aimed at enhancing financial inclusion and protecting the vulnerable.

However, the Ranking Member on the Finance Committee of Parliament, Cassiel Ato Forson disagrees.

Speaking to the press after the Minister’s budget presentation in Parliament, Mr. Forson said the new levy will “only increase hardship and compromise inward remittance.”

He reiterated the Minority will “stand by Ghanaians in opposing the 1.75 percent momo tax.”

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