Ghana's minority legislator rejected government proposal to tax mobile money transactions - fintech

The Ghanaian government's proposal to introduce a transfer of 1.75 % to digital transactions has recently been rejected by a minority of legislators that insist that the new tax drawings exist to increase the number of financially included adults.

The digital transaction tax

A minority of legislators in the Ghanaian legislative recently rejected a government proposal to introduce 1.75 % to digital transactions, including mobile money payments. The legislator argued that such a tax would slow down the country's plan to increase the proportion of financially enclosed adults by 2023 to 75 %.

according to A test report , the proposed submission made by Finance Minister Ken OFORI-ATTA in parliament should (or will) come into force from February 2022. The Ghanaian government argues that the proposed tax would help reduce the deficit of the country of an estimated 12.1 %. of gross domestic product this year to 7.4 % in 2022.

However, the minority legislators in Ghana's hanging parliament insist on the fact that the submission counteracts the efforts to increase the number of financially included adults. So far, these legislators have refused to meet OFORI-ATTA, who, according to the report

heated procedures

In the meantime, the legislators of the majority block went out after what the report called "heated procedure", which led to the adjoining debate on November 30th. The report also said that the refusal of the minority legislators to support the levy has frustrated the legislators that Back OFORI-ATSS proposal.

The report quotes the majority leader Osei Kyei-Mensah Bonsu and questions the legislator's refusal to support the submission. He asked: