Ghana Govt to Engage Lawmakers on New Tax to Avoid Shutdown

A 1.75% levy on all electronic money transfers, including mobile money, could raise as much as 6.9 billion cedis ($1.12b) for the 2022 budget, Finance Minister Ken Ofori-Atta tells reporters in the capital, Accra.

• “We will continue to engage the (parliament) minority and stakeholders to ensure that we get the budget appropriations passed before parliament rises on Dec. 17 to avoid a government shutdown”
• New tax seen boosting Ghana’s revenue to 16% of GDP in 2022 from 12.2% in 2019
• NOTE: Nov. 26, Ghana MPs Reject Budget Over Mobile-Money Tax After Walkout (1)

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