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The principle of taxing MoMo transactions and its unintended consequences

“I contend that a country that tries to tax itself into prosperity is like a man standing in a bucket trying to lift himself up by the handle.” (Sir Winston Churchill, 1904)
One of the basic principles of taxation is fairness and neutrality. This principle demands that taxes should not favour any one group over another and should not be designed to influence individual decision making. To understand this principle, imagine two (2) primary school teachers, earning the same salary would be paying different levels of taxes provided one uses their mobile money account or bank account. This is only because one of them decided to use mobile money rather than the known traditional means. ....

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2020 recorded GH¢571.8bn (USD99.67bn) MoMo transactions – BoG

2020 recorded GH¢571.8bn (USD99.67bn) MoMo transactions – BoG
businessdayghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdayghana.com Daily Mail and Mail on Sunday newspapers.

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GH¢571.8bn MoMo transactions recorded in 2020 – BoG

GH¢571.8bn MoMo transactions recorded in 2020 – BoG
By Eric Nana Yaw Kwafo
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The Bank of Ghana (BoG) has disclosed that GH¢571.8bn (USD99.67bn) Mobile Money (MoMo) transactions were recorded in 2020.
In an era where the use of technology to minimize contact while surviving in the global covid-19 pandemic has become paramount, Ghanaians now more than ever embraced the use of mobile money for various transactions.
As the service continues to grow, BoG has confirmed that there are over 17 million active mobile money accounts in the country and still counting.
Speaking during a joint AFW2/MCM virtual regional workshop programme on Tuesday, April 6, 2021, Mrs. Elsie Addo Awadzi who is Second Deputy Governor at the BoG has provided an update on transactions recorded in the past year. ....

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Regulating Crowdfunding: BoG Releases Policy

Regulating Crowdfunding: BoG Releases Policy
peacefmonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peacefmonline.com Daily Mail and Mail on Sunday newspapers.

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Regulating crowdfunding: BoG releases policy

Regulating crowdfunding: BoG releases policy
ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.

Greater Accra , Sandra Thompson , Exchange Commission , National Financial Inclusion Strategy , Payment Service Providers Epsps , Digital Financial Services , Anti Money Laundering , Digital Financial Services Policy , Payment Systems , Services Act , Data Protection Act , Specialised Deposit Taking Institutions Act , Securities Industry Act , Cybersecurity Act , Specialised Deposit Taking Institutions , Dedicated Electronic Money Issuers , Enhanced Payment Service Providers , அதிகமானது அக்ரா , சாண்ட்ரா தாம்சன் , பரிமாற்றம் தரகு , தேசிய நிதி சேர்த்தல் மூலோபாயம் , டிஜிட்டல் நிதி சேவைகள் , எதிர்ப்பு பணம் சலவை , டிஜிட்டல் நிதி சேவைகள் பாலிஸீ , கட்டணம் அமைப்புகள் , சேவைகள் நாடகம் ,