Connect with us


Telco’s Must Scrap Charges On Transfers Ahead Of E-Levy Implementation – Dr Ampaabeng



As the conversation of the electronic transaction levy continues to hang in the balance in parliament, Tax consultant, Dr Alex Ampaabeng is proposing the scrapping of charges on all mobile money transactions.

Dr Ampaabeng believes the removal of the charges by telcos will make the implementation of the levy by the government less burdensome for consumers.

He said he really does think “all transfer charges to telcos must seize. In that case, I’m sure Ghanaians will be willing to talk to the government on the e-levy if the position is still where the government wants to go.”

In his argument, Mr Ampaabeng likened electronic transfers to walk-ins to the banks to deposit monies into other people’s accounts and as the banks do not charge for such services, telcos must do the same.

The electronic transfer levy, which was introduced in the 2022 budget, is a 1.75 per cent tax to be charged on all electronic transactions above gh100 a day and 3000 per month. The moves form part of the government’s efforts to increase its revenues.

But some stakeholders including the minority in parliament have kicked against the move stating that it will erode the gains made in the country’s cash lite agenda and further worsen the plight of Ghanaians.

Copyright © 2020-GhanaFeed.Com-Ghana News, Breaking News, Original Reporting, News Analysis and Fearless Journalism.
GhanaFeed.Com is an independent news media providing original and unbiased online news reporting and news analysis. Our mission is to provide excellent fearless journalist. Through our team of trained journalists, we report on what you care about, break big stories that hold major institutions and political structures accountable for their actions, and expose injustices that change people's lives.