Ghanaians React To New 1.75% Tax On All MOMO & Bank Transactions

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Ghanaians React To New 1.75% Tax On All MOMO & Bank Transactions

Ghanaians were shocked to hear about the newly introduced 1.75% tax on all mobile money and bank transactions.
This new tax was made known by the Minister of Finance, Hon. Ken Ofori Atta and has been even captured in the 2022 budget.

What this means is that if you are sending someone GHC 1,000, the government would take GHC 17.50 in addition to the GHC 10 transaction fee that is being charged so you will end up paying GHC 27.50.

Ghanaians have shared their thoughts and below are some of the reactions from Ghanaians;

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Nana Yeboah – In effect if you are sending MOMO 1000ghc to a friend you will be taxed 1.75% that’s GHC17.50 😭😭 #Budget2022

LarryKen Doomah – Akufo Addo and his Government has come to steal, Kill and distroy

NanaAkua Tweneboah-Kodua – I woke up at 2am travelled all the way to Asamankese to queue with a stone n come back to Accra to bath n go again… Just for the love of NPP, Herh NPP 2024 will come ooooh Yooooooooooo!!!! This particular NPP government is toooo greedy, so u’ve forgotten so soon how u begged Ghanaians to vote you into power ??? Hmmmm

Fedelia Lambon – What Shawa say 🤷🥱 4 more to do more!!! Let’s enjoy together

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Nana Adwoa Wilson – 3 more to suffer more since we are almost done with a year, ABOOOOOOOOOOOOOOOOOZIGI

Witty Drah Desmond – But, seriously this is too much.. that means, MTN will deduct 10cedis, making 27 cedis

Heartwill Nayram – Eeeeiii are we safe? 😭 😭 We the poor people are going to suffer most but if truly there’s a God then everything is going to be fine…

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