Finance

E-Levy is not MoMo tax; it’s an Electronic Transfer Levy – Deputy Finance Minister

Abena Osei Asare DAS

Deputy Finance Minister, Abena Osei-Asare, has argued for the passage of the E-levy in Parliament on Tuesday, March 29.

She assured that revenue to be generated from the E-levy will be used in proving the needs of Ghanaians.

Speaking on the floor of the House she said the E-levy “is not MoMo tax, it is Electronic Transaction Levy.”

This was after a Former Deputy Minister of Finance, Cassiel Ato Forson, had told Parliament that the E-levy should not be passed.

“Don’t tax MoMo,” the Ajumako-Enyan-Esiam lawmaker said on the floor of the House after Finance Minister Ken Ofori-Atta presented a statement on the E-levy.

He added, “the NDC is opposed to the E-levy, It is not only regressive but punitive.”

The Finance Minister on Tuesday, March 29 moved the motion for the passage of the E-levy in Parliament.

“I, therefore, move the motion” for the passage of the E-levy, he said.

Obuasi West MP Kwaku Kwarteng seconded the motion.

However, Minority Leader Haruna Iddrisu rose and said they could not deliberate on it because they did have access to the report.

Ruling on the matter, the Speaker, Alban Bagbin said “The copies are being distributed now, I don’t think it is proper for us to suspend sitting, I will give you time to read the report to make a meaningful contribution.”

Source: 3news.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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