• About
  • Advertise
  • Privacy & Policy
  • Contact
Radio Gold 90.5 FM
  • Home
  • News
    • All
    • Crime
    • Education
    • election
    • Parliament
    • Police
    Achimota Forest

    Achimota Forest has been declassified in order to be exploited for other purposes.

    Kingsley Agyeman

    KINGSLEY AGYEMAN: A Goal Getter with An Eye for Detail

    Free SHS

    Free SHS needs to be reviewed to sustain it – Nortsu Kotoe

    Abossey Okai

    Abossey Okai: Spare parts retailers have threatened to go on strike over the transfer to Afienya.

    Rt. Rev Ayensu

    Rt. Rev Ayensu’s comments on Mahama are his views – Methodist Church

    Health trainees

    Health trainees have threatened to skip classes due to unpaid allowances.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
    • Crime
    • Education
    • election
  • Politics
  • Sports
  • Business
  • Entertainment
    • All
    • Festival
    • Movie
    • Music
    Kofi Kinaata

    Kofi Kinaata Congratulates Fameye for winning song writer of the year

    Kidi

    KiDi wins 2022 VGMA Artiste of the Year

    PSALM ADJETEYFIO

    Psalm Adjeteyfio is dead.

    Lydia Forson

    The economy is what is happening in our pockets not your big “brofo” Lydia Forson to Bawumia

    Abeiku-Santana

    I’m disappointed in Bawumia – Abeiku Santana

    D-Black

    I remember you didn’t promise this hardship – DBlack reminds Akufo-Addo

  • Opinion
  • Technology
  • World News
No Result
View All Result
  • Home
  • News
    • All
    • Crime
    • Education
    • election
    • Parliament
    • Police
    Achimota Forest

    Achimota Forest has been declassified in order to be exploited for other purposes.

    Kingsley Agyeman

    KINGSLEY AGYEMAN: A Goal Getter with An Eye for Detail

    Free SHS

    Free SHS needs to be reviewed to sustain it – Nortsu Kotoe

    Abossey Okai

    Abossey Okai: Spare parts retailers have threatened to go on strike over the transfer to Afienya.

    Rt. Rev Ayensu

    Rt. Rev Ayensu’s comments on Mahama are his views – Methodist Church

    Health trainees

    Health trainees have threatened to skip classes due to unpaid allowances.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
    • Crime
    • Education
    • election
  • Politics
  • Sports
  • Business
  • Entertainment
    • All
    • Festival
    • Movie
    • Music
    Kofi Kinaata

    Kofi Kinaata Congratulates Fameye for winning song writer of the year

    Kidi

    KiDi wins 2022 VGMA Artiste of the Year

    PSALM ADJETEYFIO

    Psalm Adjeteyfio is dead.

    Lydia Forson

    The economy is what is happening in our pockets not your big “brofo” Lydia Forson to Bawumia

    Abeiku-Santana

    I’m disappointed in Bawumia – Abeiku Santana

    D-Black

    I remember you didn’t promise this hardship – DBlack reminds Akufo-Addo

  • Opinion
  • Technology
  • World News
No Result
View All Result
Radio Gold 90.5 FM
No Result
View All Result
Home News

Bawumia avoids commentary on E-levy during lectures on the economy

by Ahmed Kabore
April 28, 2022
in News, Top Story
Reading Time: 3 mins read
Bawumia

Bawumia

0
SHARES
32
VIEWS
Share on FacebookShare on Twitter

The Vice President, Dr Mahamudu Bawumia, was silent on the controversial Electronic Transfer Levy (E-levy) during his much-anticipated economic lecture on Thursday.

Dr. Mahamudu Bawumia
Dr. Mahamudu Bawumia

The only time the Vice President came close to mentioning the tax policy was when he was talking about taxes and levies abolished and reduced by the Akufo-Addo government within the last five years.

Dr Bawumia said the Akufo-Addo government has either reduced or abolished 18 taxes and levies and explained that they reduced the E-levy charge rate from 1.75% to 1.5%.

“The introduction of an E-Levy of 1.5% on electronic financial transactions,” he said.

E-levy

The Vice-President is on record to have opposed any taxation on Mobile Money (MoMo) transactions suggesting that such a move will impoverish the average Ghanaian.

It, therefore, became a surprise to many that his government introduced the tax measure amidst huge public resistance to the policy.

Ghanaians were thus looking forward to his take on the E-levy following its controversial passage in Parliament and expected implementation in May 2022, but their expectations were not met as the Vice President failed to make any clear comment in that regard.

Despite concerns about the drop in the value and volume of mobile money transactions in Ghana, Dr Bawumia maintained that Ghana has the fastest growing mobile money market in Africa.

Prior to the implementation of the E-levy, data from the Bank of Ghana shows a decline in MoMo transactions and interoperability in the past few months.

He insisted that Ghana is the first country to achieve a fast-growing MoMo interoperability in the whole of Africa.

“I should note that Ghana is the first country in Africa and one of the few in the world to achieve this type of interoperability between bank accounts and mobile wallets.

Achieving mobile money interoperability (MMI) in Ghana is therefore no small feat, especially at the cost ($4.5 million) we did it. The data shows that because of MMI, Ghana is the fastest growing mobile money market in Africa.”

E-levy will be a tax on electronic transactions, which includes mobile-money payments.

The charge will apply to electronic transactions that are over GH¢100 on a daily basis.

Tags: Dr. Mahamudu Bawumia
ShareTweetSendShare
Previous Post

Dr Bawumia Urges Ghanaians To Have Confidence In Akufo-Addo

Next Post

We are ready for the Assin North by-election, Gyakye Quayson to contest unopposed – Asiedu Nketia

Next Post
James Gyakye Quayson

We are ready for the Assin North by-election, Gyakye Quayson to contest unopposed - Asiedu Nketia

Lydia Forson

The economy is what is happening in our pockets not your big “brofo” Lydia Forson to Bawumia

Stay Connected test

  • 110 Followers
  • 80.9k Followers
  • 166k Subscribers
  • 23.5k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Some Ashaiman ladies selling their egg

Some Ashaiman ladies selling their egg, ovaries for Ghc3000 or iPhone with portrait imagery — Report

April 6, 2022
Achimota School and the AG’s office have filed an appeal challenging the High Court’s order in admitting Tyrone Marhguy

Headmistress withheld results as Tyrone Marghuy tops the class in Science & Elective Maths, despite admission woes

September 23, 2021
VIDEO: Details about Lake Bosomtwe s3xtape emerge as bonking lovers get stuck

VIDEO: Details about Lake Bosomtwe s3xtape emerge as bonking lovers get stuck

September 6, 2021
VIDEO: Armed Robber Shot In The Head By Driver He Attempted To Rob

VIDEO: Armed Robber Shot In The Head By Driver He Attempted To Rob

October 13, 2021

Netcix integrated personal cuts out the chill with an

10 critical points from epic security manifesto inability

Youth vaping an epidemic with crackdown coming

Success humble is good not teacher failure makes you

Achimota Forest

Achimota Forest has been declassified in order to be exploited for other purposes.

May 17, 2022
Nkoranza

Nkoranza youth on a rampage following the suspected murder of a suspect in police custody

May 17, 2022
Okudzeto-Ablakwa

Dr. Lawrence writes: What is Hon Okudzeto Ablakwah saying?

May 17, 2022
GPL: “Every Champion is a potential danger” – Frank Nelson on Hearts of Oak’s  season’s performance

GPL: Hearts of Oak forward gives up on league title defence

May 14, 2022

Recent News

Achimota Forest

Achimota Forest has been declassified in order to be exploited for other purposes.

May 17, 2022
35
Nkoranza

Nkoranza youth on a rampage following the suspected murder of a suspect in police custody

May 17, 2022
106
Okudzeto-Ablakwa

Dr. Lawrence writes: What is Hon Okudzeto Ablakwah saying?

May 17, 2022
314
GPL: “Every Champion is a potential danger” – Frank Nelson on Hearts of Oak’s  season’s performance

GPL: Hearts of Oak forward gives up on league title defence

May 14, 2022
66

Follow Us

Browse by Category

  • Africa
  • America
  • Boxing
  • Business
  • Covid
  • Crime
  • Education
  • election
  • Entertainment
  • Europe
  • Fashion
  • Festival
  • Football
  • General
  • Health
  • Lifestyle
  • Live Streaming
  • Military
  • Movie
  • Music
  • News
  • Newspaper Headlines
  • Opinion
  • Parliament
  • Police
  • Politics
  • Poll & Survey
  • Sports
  • Tech
  • Technology
  • Top Story
  • Trending News
  • Uncategorized
  • Video
  • World
  • World News

Recent News

Achimota Forest

Achimota Forest has been declassified in order to be exploited for other purposes.

May 17, 2022
Nkoranza

Nkoranza youth on a rampage following the suspected murder of a suspect in police custody

May 17, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Radio Gold 90.5 FM - All right reserved

No Result
View All Result
  • Home
  • Top Story
  • General
  • News
    • Crime
    • election
    • Education
    • Parliament
    • Lifestyle
    • Police
    • Military
  • Politics
  • Sports
    • Football
    • Boxing
  • Business
  • Video
  • Entertainment
    • Music
    • Movie
    • Festival
    • Fashion
  • Health
  • Opinion
  • America
    • World News
      • World
      • Africa
      • Asia
      • Europe
  • Tech
  • Covid
  • Technology

© 2021 Radio Gold 90.5 FM - All right reserved

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT