BoG reintroducing E-Levy through the backdoor - Afenyo-Markin slams 0.75% MoMo transfer charge
Alexander Afenyo-Markin criticised the Bank of Ghana over a newly proposed 0.75 per cent charge on transfers from mobile money wallets to bank accounts on the floor of Parliament. Mr. Afenyo-Markin described it as a disguised return of the repealed Electronic Transfer Levy (E-Levy). He stated, "This announcement by the Bank of Ghana of charging zero point seven five percent when somebody transfers money from his bank account into his mobile money wallet."
The Minority Leader reminded Parliament that the government had previously repealed the E-Levy. Mr. Afenyo-Markin insisted that the new BoG charge effectively reintroduces the same tax under a different arrangement. He stated, "If the Finance Minister may recall, his Government decided to repeal the E-Levy law, and now Bank of Ghana is introducing the E-Levy again." He described the directive as a "backdoor return" of the controversial levy.
Quick Summary
Minority Leader Afenyo-Markin has raised concerns about a new charge on mobile money transfers. He suggests the Bank of Ghana's policy may undermine a previous government decision - but how?
Summary - read the full story for complete context.
Image: Adom Online
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from Adom Online
Related Stories
More from Business & Economy
Global youth unemployment rises amid sluggish job creation and looming AI risk, UN labour agency says
A new report from the UN labour agency reveals a troubling increase in global youth unemployment, raising questions about the future of young workers.
12 Aug•
