Recently, the Minister of Communications, Ursula Owusu-Ekuful, suggested that telcos should be taxed for their mobile money transactions. This was met with mixed reactions. The CEO of Vodafone Ghana, Patricia Obo-Nai, has added her voice to the issue.
The CEO is basically in opposition to the Minister’s suggestion. She says the government must desist from taxing mobile money transactions as it is a pillar for the Ghanaian digital market to grow.
According to the Vodafone Ghana CEO, the Ghanaian digital industry is still young and taxing mobile money operations is going to dissuade people from using it as they are doing now. This, thus, will be unhealthy for the growth of the country’s digital market.
She said currently the mobile money industry has the least penetration although awareness has been high in the country. According to her, penetration stands below average, at a percentage of about 45% with many Ghanaians not using the service.
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“If you ask me, I still think the industry is still young. If you tax mobile money you won’t get the penetration you require,” she added.
CEO Obo-Nai added that the government should look at how mobile money has benefitted other economies and look out for the benefits it has on the economy of the country. She finally advised that the government should also make transactions using the mobile money service.