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Taxing Mobile Money transaction is insensitive-Della Sowah
Member of Parliament for Kpando, Della Sowah has described government’s decision to tax Mobile Money transaction through E-levy as insensitive.
The Finance Minister Ken Ofori-Atta on Wednesday announced in Parliament when presenting the budget that a new levy would be charged in 2022 on all electronic transactions.
“It is becoming clear there exists enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being undertaken in the ‘informal economy,” The Finance Minister said.
The new E-levy will be a 1.75 per cent charge on all electronic transactions covering mobile money payments, bank transfers, merchant payments and inward remittances to be borne by the sender except inward remittances, which will be borne by the recipient.
Speaking to a section of the media in Parliament, Della Sowah said she believes that such tax will further worsen the woes of the ordinary Ghanaian who resort to Mobile Money as means of transaction.
She further noted that such a move will only destabilize Ghana’s financial inclusion drive, and force people especially those in the rural areas to carry huge monies for transactions.
According to her what has changed from what the Vice President Dr.Mahamudu Bawumia, said in August 2020, that he doesn’t believe Mobile Money should be taxed.
Della Sowah indicated, the Vice President admitted during an interview with Kwame Sefa Kayi that most of the users of the service are poor, and taxing it would bring more suffering.
” From August 2020 to November 2021, are all the poor users rich overnight? What has changed? This is insensitive,” she said.
She noted that when people are recovering from the craws of COVID-19, you don’t break their back through cruel taxes.
According to a Bank of Ghana report, Ghana saw an increase of over 120 percent in the value of digital transactions between February 2020 and February 2021 compared to 44 percent for the period February 2019 to February 2020 due to the convenience they offer.
The Africa Investment Network has entered a new partnership with 17 Asset Management to expand investment opportunities for Africans in the diaspora.
The two organisations will work together to open more pathways for diaspora investors, provide better data on markets, and connect investors to viable projects across the continent.
The partnership will focus on mapping investment opportunities across countries and sectors, building a Diaspora Pathways Program to guide new investors, and creating a shared research platform that provides market insights, returns benchmarks, regulatory updates and sector outlooks.
The two groups will also develop a trade and deal catalogue to help match businesses with partners.
As part of the collaboration, both institutions will host investment roadshows through the Global Africa Summit series, starting with GAS Accra from December 11 to 12 at the Alisa Hotel.
The event will showcase deals, hold sector briefings and connect investors with government and private sector actors.
Africa Investment Network founder and Chief Executive Jane Reindorf Osei noted that diaspora capital remains one of Africa’s strongest advantages because it is patient, purpose driven and closely linked to local development outcomes.
She explained that the partnership will help direct more diaspora investment into areas where it can make the most impact.
Chairman of 17 Asset Management, John Morris, highlighted that the joint effort will blend strong investment design with Africa Investment Network’s networks and convening power.
He stressed that improved research and compliant market access will give diaspora investors more confidence across different markets.
The two institutions will open their diaspora investment platform in the second quarter of 2026, followed by the launch of a co investment window.
Investment roadshows will also be held in North America, the Caribbean and key African centres next year.
Africa Investment Network and 17 Asset Management invited governments, development finance institutions, family offices, asset managers and other partners to support deal creation, risk sharing and market building initiatives aimed at boosting diaspora participation.
By: Jacob Aggrey
Government Communications Minister Felix Kwakye Ofosu insists that neither President Mahama nor the National Democratic Congress has filed any petition seeking the removal of the Electoral Commission Chairperson and her two deputies.
In a one on one Interview with GHone, he explained that the President only forwarded petitions he received, as required by law, and has not initiated any action against the EC leadership.
According to him, the identities and motives of the petitioners remain unknown to government, and the Presidency is not involved in that part of the process.
Mr Kwakye Ofosu stressed that while the NDC has openly disagreed with some actions of the Electoral Commission in the past, the party has not submitted any petition asking for the removal of the EC Chair or her deputies.
He noted that comments by the NDC National Chairman, Johnson Asiedu Nketiah, questioning the EC’s competence, do not amount to a formal petition.
He added that criticism of public officials is normal and does not automatically translate into a request for their removal.
Mr Kwakye Ofosu explained that once a petition is received, the President’s only role is to forward it to the Chief Justice.
The Chief Justice then decides if the allegations have merit. If they do, a committee is set up to investigate.
He said those named in the petitions will be officially informed by the Chief Justice, not the Presidency.
They will then have the opportunity to appear before the committee, respond to the claims, and provide any evidence in their defence.
Mr Kwakye Ofosu expressed confidence that the process will be fair and will protect the rights of all those involved.
By: Jacob Aggrey
