Budget 2018 No taxes on mobile money transactions – Gov’t

A Deputy Information Minister, Kojo Oppong-Nkrumah said that the government has no intention to tax the mobile money sector now.

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The government has denied allegations made by the Minority in Parliament that mobile money transactions would be taxed.

In an interview with Accra-based Onua FM, a Deputy Information Minister, Kojo Oppong-Nkrumah said that the government has no intention to tax that sector now.

His reaction follows the Minority’s allegation that the Akufo-Addo government was planning to tax the thriving mobile money business.

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The Minority described this move as “retrogressive”.

“The intention to tax mobile money transaction must be abolished immediately since it constitutes a serious threat to financial inclusion and economic growth in Ghana,” Cassiel Ato Forson, Minority spokesperson on finance said on Monday.

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However, Oppong-Nkrumah said that the 2018 budget statement did not capture that claim.

He described the Minority’s position as a “distortion” of the 2018 budget.

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