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No taxes on mobile money transactions – Gov’t

November 15, 2017 10:19 AM

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

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.

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.

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.