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The E-levy brouhaha: Why the majority go against the controversial mobile money tax

Ghanaians in Ghana and on the internet went divided, following the announcement of the controversial electronic levy (popularly known as mobile money tax), proposed in the 2022 budget.

Since the announcement by the Ghana’s finance minister Ken Ofori-Atta , on Wednesday November 17, 2021, that the government intends to introduce an electronic transaction levy (e-levy) in the 2022 budget, Ghanaians on social media have been left in a state of hot debates. 


Whiles some section of Ghanaians supports the E-levy; believing that the e-levy is a ‘step in the right direction; as it will help the government generate more revenue to tackle the youth unemployment in the country, the majority also kicks against it, with the believe that, it will be an additional burden on the ordinary Ghanaian.


The proposed Electronic levy, which is currently before parliament when approved, will charge 1.75% of the value of electronic transactions. There is an exemption for transactions up to GH¢100 ($16) per day.

In their displeasure, many Ghanaians have argued, on the internet and on social media, that many users of the mobile money in Ghana are poor, and so the comments of Vice President Dr. Mahamudu Bawumia on Peace FM, that “the majority of Ghanaians using mobile money are very poor people; and because of that, in his views, the government will not need to tax mobile money transactions” still remain relevant, because the poor in society would be disadvantaged by e-levy policy.

 

Some section of Ghanaians also kicked against the 1.75% mobile money tax, because they believe, will discourage Ghanaians to continue using their mobile money wallet, which will in turn collapse the Mobile Money business in country.


What are your views on the mobile money tax?


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E-levy Ghana Ghanaians Ken Ofori-Atta

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