Commissions and fees charged by mobile money operators must be taxed— Ursula Owusu

Commissions and fees charged by mobile money operators must be taxed— Ursula Owusu

The Minister of Communications, Ursula Owusu Ekuful, has underscored the need for government to tax the fees and commissions mobile money operators earn when they conduct mobile money transactions.

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Addressing the press in Accra on the performance of the Common Monitoring Platform operated by KelniGVG, the Communications Minister

She said mobile money companies earn on average GH¢71 million monthly as commission adding that particular income “ought” to be taxed.

She made this known while addressing the press in Accra on the performance of the Common Monitoring Platform operated by KelniGVG.

READ ALSO: 2020 budget: 2019 has been a very good year – Ofori Atta

“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.

In other news, the Senior Minister, Yaw Osafo Maafo, has apologised for what he describes as mistakes in details of the budget apportioned for road works, come 2020.

According to him, the absence of road projects for the Volta Region in the 2020 budget, was an obvious mistake in the document.

READ ALSO: 2020 budget: 2019 has been a very good year – Ofori Atta

Explaining issues on the Citi Breakfast Show on Thursday, November 14, 2019, he said he was seemingly taken aback by the omission of that very important detail.

Osafo Maafo said he has since conferred with the sector minister who confirmed that there was indeed a list of Volta Region roads.

READ ALSO: Osafo Maafo explains why Volta region was not part of 2020 budget

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Source: Yen.com.gh

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