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The Momo Tax: The Good, The Bad and the Alternatives
The Electronic Transaction Levy is a raging issue in Ghana. Opinions are divided on the matter.
The government of Ghana in its 2022 budget proposal announced the introduction of an Electronic Transaction Levy which will be a 1.75 percent charge on all electronic transactions, including Mobile Money (Momo). The levy will be waived for transactions that amount to GH¢100 or less in a day or approximately GH¢3,000 per month.
What are the good points, the bad and also what other options could have been considered?
My guests for the conversation were Nana Adwoa Amponsah-Mensah, a Tech Attorney at 8 Geeks at Law and Derek B. Laryea, Digital Financial Services Expert and a Director, ADEF.
Enjoy the show.
View all episodes
By Philip AshonThe Electronic Transaction Levy is a raging issue in Ghana. Opinions are divided on the matter.
The government of Ghana in its 2022 budget proposal announced the introduction of an Electronic Transaction Levy which will be a 1.75 percent charge on all electronic transactions, including Mobile Money (Momo). The levy will be waived for transactions that amount to GH¢100 or less in a day or approximately GH¢3,000 per month.
What are the good points, the bad and also what other options could have been considered?
My guests for the conversation were Nana Adwoa Amponsah-Mensah, a Tech Attorney at 8 Geeks at Law and Derek B. Laryea, Digital Financial Services Expert and a Director, ADEF.
Enjoy the show.