National Democratic Congress (NDC) Member of Parliament(MP) for Bia East constituency, Richard Acheampong, has disclosed that MP's are going to be the most affected with the introduction of MoMo levy by the government.
According to him MPs send various amounts of money to their constituents on daily basis which mostly exceeds Three Thousand Ghana cedis (GHc 3,000).
Speaking in an interview on Okay FM's 'Ade Akye Abia' programme, he explained that the minority have decided not to support the MoMo tax because it is not a policy that will help improve the lives and living conditions of Ghanaians.
" . . I spend not less than five thousand Ghana cedis every week sending money through MoMo to members of my constituency depending on the gravity of their various problems. A lot of businesses have gone cashless with the introduction of the MoMo transaction with some businesses expanding.
"I can confidently tell you that more businesses are going to collapse and more people are going to avoid the cashless system, and if that happens people are going to lose their jobs," he added.
Members of Parliament will begin debate on the 2022 Budget Statement later this week.
The debate on the policy and principles of the budget statement will begin on Tuesday, 23rd November and end on Friday, the 26th of November.
The Minister for Finance last Wednesday presented the 2022 budget to Parliament announcing various plans and programs on how government intends to shore-up revenue and to enhance job creation in the 2022 fiscal year.
The budget statement among other things indicated that government intends to raise revenue through the imposition of 1.75% levy on all electronic transactions.
There’s also a 15 percent increment in the cost of all government services effective next year.
The Minister for Finance also announced the commencement of a GHS 1 billion ‘YouStart’ initiative to boost job creation for the youth.
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Source: Isaac Kwame Owusu/Peacefmonline/[email protected]
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So you oppose E- transaction tax because MPs are going to suffer most. Wow, who ask you to give gifts you cannot afford? Anyway who told you that business are going to collapse? This argument is sloppy and without any basis. Listen, a little bit reading will indicate to you that, consumers are rational and will always consider the costs and benefits of transacting their businesses in cash. The costs include: inconvenience, risk of robbery of carrying more cash and personal safety etc. It is really expensive carrying cash around in bags. However, the tax will help further investment in security of MoMo system and sustain it in the long run, improve roads etc. Wake up, Mr MP and do your research properly and contribute to your country instead of sharing money to keep power for your personal interests. I will be delighted to pay this tax.