Mobile Money transactions hit ¢1.527 trillion
In the first 10 months of 2023, Mobile Money transactions in Ghana reached an unprecedented ¢1.527 trillion cedis, a substantial increase from about ¢844.97 billion recorded during the same period in 2022, as disclosed by the Bank of Ghana.
The month of October 2023 saw the highest mobile money transaction value, totaling ¢179.2 billion.
Despite this performance, it remains uncertain whether the government is meeting the Electronic Transfer Levy (E-Levy) target for 2023.
The government had previously reduced the tax rate on electronic transactions from 1.5% to 1.0% on January 11, 2023, with ongoing discussions about the possibility of further reductions to promote compliance.
Source: classfmonline.com
Trending Business
5th cohort graduation of Kayayei empowerment programme: 620 women successfully complete
13:38ADB board chairman resigns over allegations of extortion
00:47Five-day workshop on textile waste management ends in Accra
11:54BoG directs ADB chair to resign over allegations of misconduct
09:07Newmont, MKS PAMP partner to launch Mine-to-Market Traceable Gold Bar
10:52Customer Service Week: Citizens, organisations are customer service agents of the country – Yvonne McCarthy
23:48Lufthansa hit with $4m fine for discriminating against Jewish passengers
10:43C/R: Mankessim waste treatment plant set to generate $750,000 in carbon credits
13:50Egypt approves AngloGold’s $2.5bn Centamin takeover
10:35Customer Service Week: Celebrate employees as first customers, unsung heroes – Expert to organisations
23:51