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#GhBudget: 1.75% Levy Slapped On MoMo, Other Electronic Transactions

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The government, as part of strategies to widen the country’s tax net, has announced an Electronic Transaction Levy.

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, bank transfers, merchant payments, and inward remittances will have the levy imposed on them and will be borne by the sender.

“After considerable deliberations, the government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector. This shall be known as the “Electronic Transaction Levy or E-Levy”, Ken Ofori-Atta said on Wednesday, during the presentation of the 2020 Budget in parliament.

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.

It is the expectation of the government, that the implementation of new policy will come into force effective January 1, 2022, if the appropriation is passed.

“Government will work with all industry partners to ensure that their systems and payment platforms are configured to implement the policy”, the Finance Minister added.

He said, the total value of transactions for 2020 was estimated to be over GHS 500 billion as compared to GH¢78 billion in 2016 while total mobile money subscribers and active mobile money users have grown by an average rate of 18% and 16% respectively between 2016 and 2019.

It is on the back of this that, the government believes is becoming clear there exists “enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being undertaken in the “informal economy”.

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‘Black Stars Coaches Are Afraid Of Andre Dede Ayew’ : Countryman Songo

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Controversial Ghanaian journalist, Patrick Osei Agyemang who is known as Countryman Songo has made a bold claim about Black Stars captain, Andre Dede Ayew.

He made this bold claim when he appeared on the flagship evening show, Good Evening Ghana aired on the popular Ghanaian television station, Metro TV.

During his submission, he was asked about the leadership of Dede Ayew in the Black Stars team, and answering this, he stated that there is no problem with the leadership of Dede, however, the coaches are afraid of the player.

According to him, as a coach, you must be able to control every player in your team, and in the case of Andre Ayew, he has declined in form so coaches must know when to play him, however, these coaches make the player dictate to them.

Watch the interview below;

He was in the studios of Metro TV to discuss the performance of the Black Stars at the ongoing African Cup of Nations (AFCON) tournament in Cameroon where the team failed to win any of their group matches and ended up at the bottom of the group.

They lost two matches against Morocco and Comoros and drew with Gabon.

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Mohammed Salisu Reportedly Agrees To Play In Ghana’s World Cup Playoffs Against Nigeria

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Ghanaians can express a sigh of relief as Southampton defender, Mohammed Salisu has at long last chosen to support Ghana in their FIFA World Cup campaign against adjoining nation, Nigeria, in the play-offs, his uncle Yakubu Ahmed revealed.

Mohammed Salisu affirmed his choice not to play Ghana at the international level when Alhaji Grusah reached out to him which turned into a subject of public interest.

Football administrative head, Alhaji Karim Grunsah revealed that Salisu requested that he “remain away” when he attempted to persuade the footballer to play for Ghana.

Mohammed has turned down innumerable Black Stars call up referring to reasons that he isn’t yet prepared but the uplifting news coming from his uncle has it that he has at long last acknowledged to address his country as the Black Stars are set for a vital season finisher game against West African opponents Nigeria, as the two groups mean to meet all requirements for the competition in Qatar.

Speaking on the subject, the player’s uncle said he has informed the family of his decision to finally play for the national team.

“He will be playing for Ghana soon. He has assured us that he will play in the World Cup qualifiers,” Yakubu Ahmed told Kumasi-based Sikka FM, as quoted by GhanaWeb.

“He cleared the air about his absence in the AFCON but assured of availability for the World Cup qualifiers.”

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Shatta Wale Is Fighting Nigeria Out Of Frustration : Sam George

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Member of Parliament for Ningo Prampram, Sam George, disclosed that Shatta Wale animosity towards Nigerians is a result of frustrations from the system.

In an interview on Hitz FM, Sam George mentioned that Shatta Wale’s frustration comes from a poorly organized system.

“Shatta is fighting Nigeria. It’s a frustration of the system. We were in a world of our own, but again, what did we do? No conscious effort by the state or private capital to invest in that sector.”

According to Sam George, Ghanaians are selfish and will the fight progress of their own.

“Then again, it comes to what I think is a problem of our country. Ghanaians celebrate mediocrity. We are content with little. Ghanaians tag you as greedy when they see you pushing for more… Ghanaians will fight you. We fight our own. Nigerians celebrate their own.”

Sam George also revealed that in the late 70s, Ghanaian musicians have really enjoyed West Africa more than Nigerian music.

He said, “In the 70s Ghanaian music was the ish across West Africa, Highlife. In the early 2000s, our Hiplife was what it was and Nigerians didn’t have any response to us. They were still banging on Fela Kuti’s music to respond to our Hiplife. At the time, Obrafour and Lord Kenya were setting the place ablaze. At the time, Okomfuor Kwaadee came out with hits, Samini, then Batman, Kokovelli, KK Fosu, I mean Nigerians had absolutely no response to us.”

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