Thank you for clicking on my article, before you continue to read, kindly click on the 'Follow' button on the top right corner of the page to enable you get access to my new articles any time I post them. Like my page and share to family and friends to educate them.
Now let's go straight to the point. My attention has been drawn to some rumors about people flooding vending points of Mobile Money Operators to withdraw their monies from their accounts to escape the 1.75% Electronic Transaction Levy which was announced by the Finance Minister Hon. Ken Ofori-Atta in the floor of Parliament on Wednesday November 17.
According to the statement, all electronics transactions exceeding GHC100 will be taxed; meaning whether you are sending money to someone through your account or you are sending it through a merchant. What we need to understand is that, not all transactions that will be affected by the 1.75% tax but only those that are from 100 Ghana cedis and above.
Therefore, whether you withdraw your money from your account and still go the merchant points to send monies above 100 Ghana cedis, you will definitely be affected according to the budget statement.
The only way to escape this E-Levy is for us to pray for the Parliament to look into that particular point before approving the budget. In addition, there's also a way by escaping the levy by sending a multiples of less than 100 Ghana cedis a day; that is, if you want to send 300 Ghana cedis to a friend or family, you can do it by sending 70, 80, 50, 40 and 60 Ghana cedis.
With these procedures, I think the poor Ghanaian struggling to make a living can escape this E-Levy introduced by the government.
Thank you for reading my article. Don't forget to leave a comment and tell us how helpful the article is to you.
Content created and supplied by: Ghananews5 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More