MTN Ghana says more taxes would injure mobile money sector

Wednesday 14 August 2019 | 09:57 CET | News

MTN Ghana says the imposition of more taxes on mobile money service will impact negatively on the industry and force people to resort to cash transactions, Ghana Times reported. General manager of mobile money Eli Hini said high taxes would derail the government's cash-light and digital payment agenda to promote financial inclusion and stifle innovation and growth  

Hini told a forum in Accra that the relevant taxes are already being paid by customers who use mobile money service just like any other means of payment, and that all the operators in the mobile money value chain paid taxes on their business operations. Implementing more taxes would have a negative ripple effect on the service and other related industries, he said. 

Hini said Uganda saw a drop of about 33 percent in the adoption of mobile money services in three months and a revenue loss of USD 1.2 billion when the government imposed taxes on the industry. He said the current mobile money wallet size of GHS 2000 was too small and entreated the Bank of Ghana (BoG) to review it.

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Categories: Mobile & Wireless
Companies: MTN Ghana
Countries: Ghana
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