{"id":121065,"date":"2026-05-26T16:04:52","date_gmt":"2026-05-26T16:04:52","guid":{"rendered":"https:\/\/sotnews.agency\/?p=121065"},"modified":"2026-05-26T16:04:52","modified_gmt":"2026-05-26T16:04:52","slug":"finance-minister-must-explain-0-75-momo-tax-minority-3","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=121065","title":{"rendered":"Finance Minister must explain 0.75% MoMo tax \u2013 Minority"},"content":{"rendered":"
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Minority Leader Alexander Afenyo-Markin\u00a0has called on the finance minister to urgently explain the circumstances surrounding the introduction of a proposed 0.75% charge on mobile money transactions.<\/p>\n

Speaking to the press on Tuesday May 26, the caucus says it has intercepted a statement from the Bank of Ghana indicating that from June 1, transfers from bank accounts to mobile money wallets will attract a 0.75% levy, while direct wallet-to-bank transactions will also be affected.<\/p>\n

According to the Minority, although earlier public notices were issued on the matter, the process raises questions about how the levy is being implemented and enforced.<\/p>\n

\u201cWe have in our hand a statement that has just been released by the Bank of Ghana,\u201d the Minority noted, adding that the development requires immediate clarification from the Finance Ministry and relevant authorities.<\/p>\n

The group is also questioning what it describes as the use of the central bank and a private sector company to enforce the levy, arguing that the arrangement should have been fully scrutinised during the budget approval process in Parliament.<\/p>\n

\u201cThe Finance Minister must come to Parliament on Thursday to explain the circumstances leading to the imposition of these 0.75% charges on mobile money transactions,\u201d the Minority demanded.<\/p>\n

They insist they are not only interested in any suspension of the directive but want full clarity on how the decision was arrived at.<\/p>\n

Beyond the levy issue, the Minority used the platform to criticise the governing National Democratic Congress (NDC), accusing it of inconsistency and failing to deliver on its promises.<\/p>\n

The group described the situation as evidence of what it called broken promises and lack of policy consistency.<\/p>\n<\/div>\n

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Minority Leader Alexander Afenyo-Markin has called on the finance minister to urgently explain the circumstances surrounding the introduction of a proposed 0.75% charge on mobile money transactions.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1013,265,5783,1883,10,9,1848],"tags":[],"class_list":["post-121065","post","type-post","status-publish","format-standard","hentry","category-finance-minister","category-minority","category-momo","category-national","category-politics","category-popular","category-tax"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/121065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121065"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/121065\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}