{"id":2384,"date":"2021-11-17T17:59:37","date_gmt":"2021-11-17T17:59:37","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=2384"},"modified":"2021-11-17T17:59:45","modified_gmt":"2021-11-17T17:59:45","slug":"2022-budget-ghanaians-to-pay-1-75-for-momo-transaction","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=2384","title":{"rendered":"2022 Budget: Ghanaians to pay 1.75% for MoMo transaction"},"content":{"rendered":"\n<p><strong>Ghanaians are to pay a 1.75% electronic transaction levy, the Minister for Finance, Ken Ofori Atta, has announced at the 2022 Budget Statement and Economic policy.<\/strong><\/p>\n\n\n\n<p>Transaction Levy pegged at 1 and 75 per cent charge on all electronic transactions.<br><\/p>\n\n\n\n<p>Finance Minister Ken Ofori Atta, announced in Parliament on Wednesday, November 17, in Accra<\/p>\n\n\n\n<p>According to him, the proposed Electronic Levy, would enhance financial inclusion and protect the vulnerable.<\/p>\n\n\n\n<p>He explained that transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances will have the levy imposed on them and will be borne by the sender.<\/p>\n\n\n\n<p>However, the levy will be waived for transactions that amount to GHS 100 or less in a day or approximately GHS 3,000 per month.<br>The Minister said portions of revenue collected from the levy would support entrepreneurship, youth employment, cybersecurity, digital, and road infrastructure among others.<\/p>\n\n\n\n<p><strong>Source: expressnewsghana.com<\/strong><\/p>\n\n\n\n<p><strong><em>Send your news stories and articles to <u><a href=\"mailto:expressnewsgh@gmail.com\">expressnewsgh@gmail.com<\/a><\/u> or via WhatsApp +233 0543 900 732<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghanaians are to pay a 1.75% electronic transaction levy, the Minister for Finance, Ken Ofori Atta, has announced at the 2022 Budget Statement and Economic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,19],"tags":[214,215],"class_list":["post-2384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-economy","tag-1-75","tag-electronic-levy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2022 Budget: Ghanaians to pay 1.75% for MoMo transaction - Express News Ghana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/expressnewsghana.com\/?p=2384\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2022 Budget: Ghanaians 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