Africa Daily - Could a new tax see Ghanaians go back to using cash?
Download Could a new tax see Ghanaians go back to using cash?
Like many people across the continent, Ghanaians have seen the cost of living rising in recent months.
And from Sunday they will have to budget for a new tax on some transactions.
An ‘e-levy’ of 1.5% will be applied to mobile money payments, bank transfers and remittances over 100 cedis ($13).
The government says the tax will raise nearly a billion dollars this year alone.
And that the funds will be used to build roads, fund education and support young entrepreneurs.
But some people are worried that the tax will hit those on low incomes the hardest and force many people to return to using cash.
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Published on Friday, 29th April 2022.
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