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Communications Minister wants profits from ‘momo’ transactions taxed

The Minister of Communications Ursula Owusu Ekuful has argued that it will be appropriate for the government to tax the fees and commissions mobile money operators earn when they conduct mobile money transactions.

Addressing the press in Accra on the performance of the Common Monitoring Platform operated by KelniGVG, the Communications Minister said mobile money companies earn on average GH¢71 million monthly as commission adding that particular income “ought” to be taxed.

“Further breakdowns of transaction types for informed policy-making decisions are also possible with the platform… of particular interest to me and this is where the finance minister and I diverge because I think that the GHS71 million which is generated by the operators in transaction fees they ought to pay taxes on that revenue to the state; we are still having conversations about that,” the Minister stated.

by: Naa Anyema

About Naa Anyema Collison

A broadcast journalist who has an interest in financial happenings in the world of business. Currently the face of AM News Host of Kids House Business Desk @Adoa Television

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