The Government has directed the Ghana Revenue authority to tax merchants’ accounts for encouraging Ghanaians to swerve the E-levy tax.
The e-levy initially excluded the accounts of merchants from the taxation. However, following the subsequent situation, the Ghana Revenue Authority has come out to reveal its plans to tax merchants’ accounts. Meanwhile, Ghana Mobile Money Association has refuted the decision.
“I understand the fear, but the extension of the E-levy to merchants is really going to put so much burden on us and draw us back. Businesses are really going to suffer. We are going to have most businesses demanding cash for payment of goods instead of Mobile money.