Business News Tue, 15 Feb 2022

GhanaWeb Poll: 70.38% of respondents to stop using MoMo if E-Levy bill is passed

26.16% of respondents will make use MoMo despite E-Levy

3,720 people took part in GhanaWeb's just ended poll

E-Levy bill to be re-laid before parliament

An online poll conducted by GhanaWeb has shown that over 2,600 people will stop using Mobile Money (MoMo) transactions if the E-Levy is passed.

973 people, representing 26.16% of the respondents said they will continue to use MoMo despite the tax imposed on it.

129 people representing 3.47% who took part in the poll stated they don't know whether or not they'll load monies onto their MoMo wallet or send money to others via electronic means.

The total votes cast for the just-ended poll was 3,720.

On November 17, 2021, Finance Minister, Ken Ofori-Atta, during the 2022 budget reading in parliament, announced the introduction of 1.75% tax on all electronic transactions.

According to him, this new directive forms part of strategies to widen the country’s tax net.

He added that the E-Levy tax is also to enhance financial inclusion and protect the vulnerable in the country.

The announcement of the E-Levy was fraught with several controversies, with many Ghanaians, including the Minority in parliament kicking against it.

The E-Levy bill was subsequently withdrawn from parliament and currently, the E-Levy has been reviewed downwards to 1.5% from 1.75%.

The bill is yet to be re-laid before parliament after its withdrawal.

Meanwhile, government through the information ministry is organising town hall meetings to discuss the Electronic Transaction levy (E-Levy).

The exercise will also give government feedback on reactions from citizens on the proposed levy and how best to implement it.

Finance Minister, Ken Ofori-Atta, has also warned of dire consequences for the Ghanaian economy if the E-Levy is not passed.

He, therefore, urged Ghanaians to support the implementation of the E-levy.

See results from the poll below.

Source: www.ghanaweb.com
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