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MoMo Transaction Fees Must Be Taxed – Ursula Owusu-Ekuful

  The Minister-designate for Communications and Digitalisation, Ursula Owusu-Ekuful, has said the transaction fees generated by operators of mobile money should be taxed in the wake of declining traditional revenue streams in the telecommunication sector. According to her, a report from the Common Platform, which monitors mobile money transactions, indicated that monthly usage from 344.6 million transactions, in January 2021 alone, amounted to GH¢81.3 billion. Appearing before the Appointments Committee of Parliament yesterday, the minister-designate disclosed that the 44.6 million mobile money transactions generated GH¢124.5 million non-taxed transaction fees for the mobile money operators. “In my opinion, the transaction fees generated by operators from this huge traffic and volumes of mobile money platforms ought to be taxed,” Ursula suggested and added that “that is my personal opinion and I have said so on several platforms.”

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