Mobile Money We will not allow you to tax mobile money transactions - Minority tells gov't

Minority Spokesperson on Finance, Cassiel Ato Forson, said the move, if allowed, would affect millions of Ghanaians who use mobile money for daily financial transactions.

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play Minority Spokesperson on Finance, Cassiel Ato Forson
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The Minority in Parliament has asked the government to immediately terminate any plans of taxing mobile money transactions in the country.

Speaking at a Breakfast meeting on Monday with stakeholders ahead of the 2018 budget and economic policy in Accra, Minority Spokesperson on Finance, Cassiel Ato Forson, said the move, if allowed, would affect millions of Ghanaians who use mobile money for daily financial transactions.

“The intention to tax mobile money transactions, as we are reliably informed, must be aborted immediately since it constitutes a serious threat to financial inclusion and economic growth in Ghana.”

READ ALSO: 2018 budget will bring hardships similar to 1983 famine - Minority

“It is also regressive because, compared to the relatively affluent non-core financial services that the NPP removed for the relatively rich, this insensitive ‘mobile money umbrella tax’ will seriously affect millions of Ghanaians who use their telephones to transfer small amounts to relatives.”

He charged the NPP-led government to rather provide some reliefs to low income families from this “chop money income transfer tax”.

“This is nothing more than a backdoor move to re-introduce the taxes they removed [under the 2017 budget],” he said.

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