Mobile Money transactions hit ¢1.527 trillion
Business
The month of October 2023 saw the highest mobile money transaction value, totaling ¢179.2 billion
In the first 10 months of 2023, Mobile Money transactions in Ghana reached an unprecedented ¢1.527 trillion cedis, a substantial increase from about ¢844.97 billion recorded during the same period in 2022, as disclosed by the Bank of Ghana.
The month of October 2023 saw the highest mobile money transaction value, totaling ¢179.2 billion.
Despite this performance, it remains uncertain whether the government is meeting the Electronic Transfer Levy (E-Levy) target for 2023.
The government had previously reduced the tax rate on electronic transactions from 1.5% to 1.0% on January 11, 2023, with ongoing discussions about the possibility of further reductions to promote compliance.
Source: classfmonline.com
Trending News
NPP elders form committee to monitor campaign conduct ahead of presidential primary
09:51
Ken Agyapong emerges front-runner in NPP presidential race – Academic poll
19:12
A/R: Abrepo Junction Assembly Member donates GHS 20,000 worth of books to students
14:16
TDC stops Chinese developer from encroaching on public streets at Community 10
11:45
Gideon Boako exposes Tano North Secretary over wicked lies against Dr Bawumia
11:47
Vice President honours fallen heroes at Ghana Navy Memorial Day
09:40
President Mahama: NSA farm to be transformed into research facility serving subregion
19:04
Gov't distributes 900 seized water pumps from galamsey sites to boost agriculture
12:17
NIA begins registration of Ghanaians aged 6-14 at premium centres
13:45
Bribed GRA staff, NPP secretary exposed over wicked lies against Dr Bawumia
14:16
