Vice President, Dr Mahamudu Bawumia, in August last year, opined that Mobile Money (MoMo) should not be taxed.
In his view, the majority of MoMo users are poor, therefore, should it be taxed, these ones will suffer more.
Speaking in an interview with Kwami Sefa Kayi on PeaceFM, the vice president said, “I don’t think Mobile Money should be taxed because most of the people who use the service are poor people so if you put more taxes on it they will suffer.”
Read the full story originally published on August 31, 2020 by Newsghana.
Vice President Dr. Mahamudu Bawumia has said he does not think Mobile Money should be taxed beyond the corporate taxes the telcos already pay on their mobile money earnings.
He was speaking in an exclusive interview with Kwame Sefa Kayi on Peace FM.
“I don’t think Mobile Money should be taxed because most of the people who use the service are poor people so if you put more taxes on it they will suffer,” he stated.
This runs contrary to the position of the Communications Minister, Ursula Owusu Ekuful, who has been campaigning for a special tax to be placed on the one percent service charge telcos put on mobile money.
