Connect with us

News

“MoMo Fees Must Be Taxed” : Ursula Owusu-Ekuful

Published

on

The Minister-designate for Communications and Digitalisation, Ursula Owusu-Ekuful, has said the transaction fees generated by operators of mobile money should be taxed in the wake of declining traditional revenue streams in the telecommunication sector.

According to her, a report from the Common Platform, which monitors mobile money transactions, indicated that monthly usage from 344.6 million transactions, in January 2021 alone, amounted to GH¢81.3 billion.

Appearing before the Appointments Committee of Parliament yesterday, the minister-designate disclosed that the 44.6 million mobile money transactions generated GH¢124.5 million non-taxed transaction fees for the mobile money operators.

“In my opinion, the transaction fees generated by operators from this huge traffic and volumes of mobile money platforms ought to be taxed,” Ursula suggested and added that “that is my personal opinion and I have said so on several platforms.”

Serious Analysis

She explained that this should not be misconstrued to mean that consumers of mobile money be taxed, instead, the revenue earned by the telecommunication companies from the transaction charges on individuals who send and receive monies.

“The fee, which they (consumers) pay to all the network operators for this service, is revenue that they earn and the state has to be interested in that, and has to tax them. I have been further informed that some of them are even facing out the sale of scratch cards and insisting on top-ups from mobile money,” she said.

For her, what that means is that the revenue that the state would have received from the sale and receipt of scratch cards is lost and that the current levy of 1% on mobile money transactions is income for the telecoms which is “beyond the reach of the state.”

“So while we are losing money on the traditional revenue stream because of technology, we are also disabling the state from gaining revenue from the new streams that these network operators are using,” said Ursula.

She added that “the state has disabled itself because currently, mobile money and all the revenues generated from it are not taxed as financial transactions. So I believe we need to look at that again.

“This will not be a tax against users of mobile money because the telecommunication companies are already charging consumers for the use of this service and that is 1%. That revenue that they are getting from the transaction fees, I believe the Ghana Revenue Authority (GRA) and the Minister of Finance ought to be interested in that.

“As I indicated earlier, GH¢124.5 million in January alone in transaction fees for mobile money was a huge amount (going as untaxed revenue for the operators). If even the state is getting 10% per month that is GH¢12.4 million per month; that is significant.”

She said, “I think we need to have this conversation in view of the fact that the state is losing revenue from the traditional revenue streams because of the evolution of technology.”

She noted that the number of people who made normal voice calls was declining and that the revenue that the state would have got from the Communication Service Tax was also declining.

“That is organic and it is not going to go up any time soon. We are using more data to do more, which is great. This is a conversation that we are having globally. Other over-the-top services are taking away from the traditional streams which are being lost.

“New revenue streams are being generated and a lot of studies are being done globally from the GSMA, ITU and the CTO, all looking at this face,” she said.

Facebook Comments
Advertisement

Mourinho, upon hearing of Solksjaer’s comments then offered a withering rebuke at Solksjaer, questioning his fatherhood.

“I just want to say Son is very lucky that his father is a better person than Ole because I think a father – and I am a father – you have always to feed your kids. It does not matter what they do. If you have to steal to feed your kids, you steal.” An angry Mourinho said.

“I am very, very disappointed. With me, like we say in Portugal, bread is bread and cheese is cheese, have told Ole already what I think of his comments.

“I told Ole already this because I met him a few minutes ago. If it was me saying that player A, B or C from another club – if, as he says that if it was my son that I won’t give him dinner tonight or something like that – what would be the level of the reaction.

“First of all let me tell you something. I am very, very surprised that after the comments Ole made on Sonny, you don’t ask me about it.

“It is very, very sad and I think it is really sad that you don’t ask me about it. It is really sad that you don’t have the moral honesty the same way as you treat others.”

Watch Mourinho’s reply below

https://twitter.com/footballdaily/status/1381314098877566978?s=20

Facebook Comments
Continue Reading

News

No Pastor In Ghana Can Face Me : Avraham Moshe Tells Maame Grace

Published

on

Religious nonconformer and leader of Common Sense Family, Avraham Ben Moshe has openly challenged Ghanaian pastors to dare attempt to deliver him if they believe God called them.

He further stated that Avraham Moshe will rather deliver any Christian pastor who tries to convert him.

Avraham Moshe spoke exclusively on GHOne TV’s Revelation with host Apostle Maame Grace.

On the same show which was in two episodes that aired on Sunday, April 2020, Avraham opened up for the first time about his beginnings and his family history on Revelations with Maame Grace.

Described as a counterculturist of all religions, Avraham Ben Moshe gave details about his Muslim parents and how he started as a young Christian preacher.

During the explosive interview, Avraham Moshe proclaimed that God has not spoken to any man on earth before. ” With the over 7 billion humans on earth, God has never spoken to anyone before since the beginning of time. He has not spoken to any pastor before. ” – Avraham Moshe told Apostle Maame Grace on Revelations.

He said that humans have been given different forms of senses, therefore, it is only the sense of a person that speaks to him or her, not God or any divine entity.

Avraham Moshe exploded further to say that, African gods are supposed to worship humans not the other way round.

We cannot speak for the many shocking things Avraham Moshe said in Revelations, but we can only caution that you listen when making your conclusion.

Revelations on GHOne TV is a private television show owned by Global Eagle Revival Outreach Ministry in Ghana, headed by Apostle Maame Grace who is the host of the show.

Revelations seek to deliver God by unearthing dark secrets of the spiritual world that usually takes us away from the lord of God through his son Jesus Christ.

The show has seen its third season for over 3 years on television and it has grown a very massive following especially on social media.

Follow Revelations with Maame Grace via Instagram: @Gerom2020, @MaameGraceGH and YouTube.com/MaameGrace.

Facebook Comments
Continue Reading

News

Real Madrid 2-1 Barcelona: Zinedine Zidane’s Men Go Top Of The Table

Published

on

Real Madrid are now top of the La Liga table after doing the double over Barcelona for the first time since 2007-08 by winning 2-1 on Saturday night, April 10.

It was a very entertaining game as Madrid’s counter-attacking tactics worked well, particularly in the first half as Karim Benzema put Madrid 1-0 ahead.

Real Madrid 2-1 Barcelona: Zinedine Zidane

33-year-old Benzema was first to meet Lucas Vazquez’s low cross towards the near post, squeezing a backheeled flick past Marc-Andre ter Stegen for his 25th goal in 35 appearances this season.

Barcelona fell further behind when Kroos’ free-kick took a deflection off Sergino Dest on its way past Ter Stegen.

Real Madrid 2-1 Barcelona: Zinedine Zidane

Federico Valverde could have made it 3-0 before half-time, but his shot across goal came back off the inside of the far post.

In the second half Coach, Ronaldo Koeman ditched Dest and brought in Griezmann.

Real Madrid 2-1 Barcelona: Zinedine Zidane

But it was Oscarueza who pulled one back for Barca before Madrid’s Casemiro was shown a late red card.

Real Madrid 2-1 Barcelona: Zinedine Zidane

Real Madrid 2-1 Barcelona: Zinedine Zidane

Barca almost snatched a draw in second-half stoppage time when Moriba thumped a loose ball against Courtois’ crossbar, but Real held on to record three consecutive El Clasico wins for the first time since 1978.

Real Madrid 2-1 Barcelona: Zinedine Zidane

The result takes Real Madrid level on points with Atletico Madrid but are ahead of their city rivals because of their superior head-to-head record.

Atletico, who led La Liga by 10 points as recently as 31 January, can reclaim top spot with victory at Real Betis on Sunday.

Facebook Comments
Continue Reading

Latest Stories

ad

Trending