Salaries received through mobile money platforms in Ghana will be affected by the recently passed Electronic Transfer Levy (E-Levy), which is expected to start in May. Monies from bank accounts to mobile money platforms will attract 1.50% mobile money charge. A principal revenue officer at the Ghana Revenue Authority, Isaac Kobina Amoako said that the current law does not distinguish between corporate and individual mobile money accounts. He revealed that this will also affect loan disbursement among other banking transactions. These concerns, Mr Amoako says, will be forwarded to the Finance Ministry with the hopes of having them addressed. The announcement of the Electronic levy has attracted many criticisms since it was announced last year. Debates over this sparked a brawl in Ghana’s parliament. Demonstrations have been staged by the public with many Ghanaian celebrities joining the protests on Twitter, but the government insists the introduction of the new tax will help in gathering money for rapid development in the West African nation.
SOURCE: AFRICA NEWS
More Stories
Lebo M on 25 Years of The Lion King on Broadway
Mountain House Makes the Most of Its Spectacular Site
A Tribute to Black Artists Could Signal a Change for Museums
7 Young African Women Dominating the Turntables
Meet the Founders of Kitchens of Africa
Seychelles Shines Again at the World Travel Awards
Planning to Honeymoon in the African Bush?
For the Ultimate Trip, these are the Best Hotels in Marrakech
Ghana is also a Great Destination for Keen Walkers
17 Regional Countries have Increased their Travel and Tourism Development Index
What are the Benefits and Costs of Scaling-up the Commercial Production of Bioenergy in Africa?
Faculty of Harvard University and Africa.com Offer Online Course for Entrepreneurs in Food Systems