The Member of Parliament for the Nabdam constituency Dr. Mark Kurt Nawaane has sent a word of caution to the public not to blame him if he stops sending them money through the mobile money platform, but rather blame what he termed as ‘Bawumianomics’.
Dr. Nawaane took to his official Facebook wall and stated that he is able to assist his constituents who need financial support through the mobile money platform but that may soon change due to the imposition of the Electronic Transaction Levy of 1.75 percent.
He wrote on his Facebook wall, “blame Bawumianomics if I stop sending Momo to you for the payments of fees, funeral donations and other appeals for assistance. The E- levy is anti – Momo”.
The government, as part of strategies to widen the country’s tax net, has announced an Electronic Transaction Levy. It will be a 1.75 percent charge on all electronic transactions.
This fee, according to the Finance Minister, Ken Ofori-Atta, is to enhance financial inclusion and protect the vulnerable.
Transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances will have the levy imposed on them and will be borne by the sender.
Source:A1Radioonline.Com|101.1MHZ|David Azure| Ghana|
