Ghana- Parliament rejects 2022 budget over MoMo taxes

The Parliament of Ghana has rejected the 2022 budget over mobile money (MoMo) taxes. The budget, which proposed to levy a 1.5% levy on mobile money, bank transfers and remittances was presented by Finance Minister, Ken Ofori-Atta. Many Ghanians are opposed to the Momo levy, and there was mounting pressure on the parliamentarians to remove the taxes. The government had proposed to protect financial inclusion by charging the MoMo levy for transactions above GH¢3,000 (about 490USD).

Statements by government officials suggest that the levy proposal may be renegotiated.  The majority coalition was absent during the vote.