Could a new tax see Ghanaians go back to using cash?
Podcast |
Africa Daily
Publisher |
BBC
Media Type |
audio
Podknife tags |
Africa
News & Politics
Categories Via RSS |
News
Publication Date |
Apr 29, 2022
Episode Duration |
00:15:11

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. #AfricaDaily

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