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

    GPRTU

    The GPRTU has announced a 20% increase in transportation fares.

    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
    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.

    GPRTU

    The GPRTU has announced a 20% increase in transportation fares.

    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 Business

You will collapse our businesses and create unemployment with E-levy – Mobile money agents

by Sena Nombo | Radiogoldlive.com
February 10, 2022
in Business, News
Reading Time: 2 mins read
You will collapse our businesses and create unemployment with E-levy – Mobile money agents
0
SHARES
228
VIEWS
Share on FacebookShare on Twitter

Contrary to claims by Nana Addo Dankwa Akufo-Addo government that the E-levy would create jobs and boost entrepreneurship, Money Mobile Agents across the country are living in fear of losing their businesses.

President Akufo-Addo and his Finance minister Ken Ofori Atta have presented a budget to parliament that they claim would create jobs and drive entrepreneurship through a program called YouStart.

To fund the YouStart, President Akufo-Addo is proposing to introduce a levy on all electronic transactions with Mobile money sector the main target.

The levy has been sold as the solution to the major challenges confronting the economy but the spine of the mobile money industry says the E-levy would crush their businesses.

Vice President of Mobile Money Agents Association Augustine Kojo Afful said they are already seeing a decline in their operations as some customers are shying away from their services out of fear of being taxed.

The Bank of Ghana revealed that mobile money transactions declined by ¢3billion in 2021.

Augustine Kojo Afful says the government needs to learn from their own experience when mobile money interoperability was introduced at a fee of 1.5% and the surge in transactions they saw when that fee was reduced to 1%.   

He told Sena Nombo on the Gold Power Drive that banks and other financial institutions who have invested into their businesses have started raising questions about the security of their investments while others have started pulling out their support.

Mr. Afful said jobs are at risk as mobile money agents employ thousands of Ghanaian youth who would lose their jobs if the levy is introduced and mobile money customers boycott mobile money transactions.

Mr. Afful said the E-levy would end up taxing the money that is running the mobile money ecosystem.

He said government would also lose the 10% withholding tax mobile money agents pay monthly in addition to other taxes.

Story: Sena Nombo/Radiogoldlive.com

ShareTweetSendShare
Previous Post

You have mismanaged revenue so well, E-levy would make no difference – Analyst tells Gov’t

Next Post

Accra FM’s Bobie Ansah arrested by ‘security operatives’

Next Post
Accra FM’s Bobie Ansah arrested by ‘security operatives’

Accra FM’s Bobie Ansah arrested by 'security operatives'

Adwoa Safoa

Adwoa Safo is sabotaging gov’t business – Michael Okyere Baafi alleges

Stay Connected test

  • 110 Followers
  • 80.8k 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

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
Kingsley Agyeman

KINGSLEY AGYEMAN: A Goal Getter with An Eye for Detail

May 14, 2022
CALCIO TRADE BALL: Italy Bent on Strengthening relations with Ghana

CALCIO TRADE BALL: Italy Bent on Strengthening relations with Ghana

May 13, 2022
WAFU U-17: Black Starlets coach confident of a good outing

WAFU U-17: Black Starlets coach confident of a good outing

May 13, 2022

Recent News

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
53
Kingsley Agyeman

KINGSLEY AGYEMAN: A Goal Getter with An Eye for Detail

May 14, 2022
77
CALCIO TRADE BALL: Italy Bent on Strengthening relations with Ghana

CALCIO TRADE BALL: Italy Bent on Strengthening relations with Ghana

May 13, 2022
7
WAFU U-17: Black Starlets coach confident of a good outing

WAFU U-17: Black Starlets coach confident of a good outing

May 13, 2022
38

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

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
Kingsley Agyeman

KINGSLEY AGYEMAN: A Goal Getter with An Eye for Detail

May 14, 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