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E-levy Saga: If You Send MoMo More Than GHS 100, You’re Not Poor – Ursula Owusu

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E-levy Saga: If You Send MoMo More Than GHS 100, You're Not Poor - Ursula Owusu

Minister of Communications and Digitization, Ursula Owusu has defended government’s directive to tax all Mobile Money transactions above GHS 100.

Earlier GhArticles.com reported that, the government of Ghana has announced a new Electronic Transaction Levy as as part of strategies to widen the country’s tax net.

It will be a 1.75 percent charge on all electronic transactions.

This fee, according to the Finance Minister, Ken Ofori-Atta, is to enhance financial inclusion and protect the vulnerable.

Transactions covering mobile money payments, banks transfers, merchant payments, and inward remittances will have the levy imposed on them and will be borne by the sender.

However, the levy will be waived for transactions that amount to GHS 100 or less in a day or approximately GHS 3,000 per month.

The government says portions of revenue collected from the levy will be used to support entrepreneurship, youth employment, cybersecurity, digital, and road infrastructure among others.

This new directive from the government has generated a lot of discussions across the social media space in Ghana.

Meanwhile, Dr Bawumia ( Vice President Of Ghana) in 2020 said that he doesn’t believe in MoMo taxes because most MoMo users are poor people.

In the studios of GHOne today, Thursday, November 18, 2021, Ursula Owusu explained the rationale and change of mind of the government.

Hon. Ursula Owusu noted that the ‘poor’ bracket used by Bawumia referred to people doing transactions below 100 cedis.

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She mentioned that any person sending money to another cannot be considered to be poor if the amount exceeds 100 cedis because that amount is big money.

She added that this means that there should be a tax placed on it.

She opined that government changed its mind regarding taxation on mobile money transactions because over time the system has grown and many are comfortable using it and as such it was only right that taxes are placed on such transactions.

When pushed to the wall to say how much government expects from mobile money transactions with the new tax, she said that about 600 million will be made every month to help grow the economy and change the country.

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Source: GhArticles.com

Ghana Politics

Nana Addo Bans Ministers From Traveling Abroad

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Nana Addo Bans Ministers From Traveling Abroad

President Nana Akufo-Addo has placed a one-month international travel ban on his ministers and deputy ministers.⁠

According to a new report by AsaaseNews, travelling is only allowed for medical emergencies. The directive by the President will be the second of its kind since he assumed office as President of the Republic in January 2017.⁠

On 21 June 2018, the president, in a letter signed by his Chief of Staff, Akosua Frema Osei Opare, directed that all foreign travel by ministers, deputy ministers, metropolitan/municipal/district chief executives and heads of government agencies be suspended temporarily with immediate effect.⁠

“Guidelines in respect of future foreign travels aimed at minimising disruption to the government’s domestic work will be communicated to you shortly,” the 2018 directive said.⁠

The reason for this latest travel ban is not readily known.

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Source: GhArticles.com

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Ghana Politics

E-levy Proceeds Will Create Jobs For Over 11 Million People – Ofori-Atta

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E-levy Proceeds Will Create Jobs For Over 11 Million People - Ofori-Atta

The Minister of Finance, Ken Ofori-Atta, has said proceeds from the 1.75% E-Levy, proposed in the 2022 budget, would ensure that over 11 million people are employed.

He noted that 58 percent of the country’s population are between 15 and 59 years, which is about 18million people.

“Of this number, 2.4million are in formal employment whilst the remaining 15 million are split between informal and underemployment”, stressing that 11 million people are with no clear path when it comes to employment opportunities.

It was held on the theme: “Building a Sustainable Entrepreneurial Nation; Opportunities for Ghana’s Youth”.

Ken Ofori-Atta contended that “for us as a government, our task is to ensure we extend opportunities to the youth. The consequences of having eleven million people with no clear path, undoubtedly, our recovery efforts hinges on tailored support to provide skills and funding to our young people to pursue their ambition to free them”, indicating that nothing is impossible.

“How do we as a nation move into an entrepreneurial stage to have an opportunity to contribute to national development? How do we reduce our debt and create employment?

How do we take care of our infrastructure and roads so that we open up the country and build good Internet systems to create opportunities for all? Why are we being resistant to the future? We have nothing to fear. Have we as a nation understood the times that we are in and are we ready to sacrifice to move to a whole different level”?

Ken Ofori-Atta emphasized that “When somebody tells you we shouldn’t go there, tell them, give me an alternative for this 11 million people who are at home and not working”.

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Source: GhArticles.com

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Ghana Politics

I Fear For My Life When I Sit In Chamber Sometimes – Afenyo-Markin

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I Fear For My Life When I Sit In Chamber Sometimes - Afenyo-Markin

Deputy Majority Leader in Parliament, Alexander Kwamina Afenyo-Markin has admitted to living in fear of his life during and after some proceedings in the House.

According to him, some sessions which involve heated debate has sometimes culminated in threats of physical harm and abuse.

Speaking on the News File segment on Joy News, Afenyo-Markin alleged that the recent impasse over the 2022 budget statement has revealed a plot by the minority to physically abuse, Joseph Osei-Owusu who presided over a ruling as the First Deputy Speaker of Parliament.

“Sometimes I sit in the chamber and I fear for my own life. I fear for my life because one moment we are debating then you threaten someone that I will beat you.

You should call them out. Sam George is apologizing on behalf of the minority and majority, we don’t need you to apologise for us. With all due respect, apologize for your caucus. NPP has been gentle,” he said.

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Source: GhArticles.com

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