Finance Minister, Ken Ofori-Atta is not considering taxing revenue secured from Mobile Money transactions.

This is because he considers mobile money as a sector that was now seeing significant growth in value and transaction and should be allowed to grow before making any such tax considerations.

Mr Ofori Atta revealed this in an exclusive interview with Ekosii Sen host, Philip Osei Bonsu, Thursday.

It follows a new case being made by Minister for Communications, Ursula Owusu-Ekuful, on the need for mobile network operators to be taxed for the profit they make on mobile money.

She argued that given the GH₵71 million profit made by the telecommunication networks, “I think the GRA [Ghana Revenue Authority] ought to have a conversation with them [the government] about that [taxation]”.

However, the Finance Minister said the government would rather re-examine the tax regime in the country in 2020 before taking any decision.

He noted that there was a need for a new consciousness for Ghanaians to understand the need to pay taxes for national development.

Mr Ofori Atta is certain if the citizens are able to see tangible projects of what their taxes are being used for, they will gladly pay if new taxes are introduced.

Source: Ghana||Adwoa Gyasiwaa Agyeman