Ghanaians Would’ve Paid 17.5% MoMo Tax If Mahama Was President – Energy Minister

The Energy Minister, Dr Matthew Opoku Prempeh On Asempa FM was given the opportunity to offer his immense ideas and opinions on the most awaited 2022 budget, which has surely generated a lot of confusion in parliament recently.

Dr. Matthew Opoku Prempeh, the Energy Minister, stated that the incumbent government has unquestionably enhanced the livelihood of Ghanaians by introducing a digital economy with the assistance of Vice President Dr. Mahmoud Bawumia; otherwise, most financial services would have failed by now.

Furthermore, Dr Matthew Opoku Prempeh stated that the 1.75 percent ‘momo’ E-levy would help create income in the form of tax for the present administration, hence assisting in the development of the country’s economy in the face of the Covid19 pandemic.

Surprisingly, Dr Matthew Opoku Prempeh revealed that if former President John Mahama had remained in office, Ghanaians would have paid 17.5 percent ‘momo’ tax, but the incumbent party, the NPP, stopped him, so Ghanaians should be grateful to the incumbent government for the 1.75 percent ‘momo’ E-levy highlighted in the 2022 “Agyenkwa” budget.

“Mahama enacted a 17.5 percent financial transaction statute, which includes the momo tax. If Mahama was still President, Ghanaians would have paid a 17.5 percent momo tax, but the NPP prevented him,” Dr Matthew Opoku Prempeh asserted forcefully.


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