Business News of Monday, 28 June 2021Source: www.ghanaweb.com• Govt has introduced a 10% tax on the earnings of MoMo agents• MoMo agents have however kicked against the new tax• They believe the new directive will collapse their businessMobile Money agents in Ghana have expressed their displeasure over government's 10% tax being imposed on their earnings, Citi News has reported. The government, in a new directive, has asked telcos to deduct a 10% tax from the cash-out service of MoMo agents. The Mobile Money Agents Association of Ghana (MMAG) in a press statement said government has failed to meet them for an amicable conclusion. The association believes that the new directive makes members pay a total of 20% tax on a monthly basis. Initially, Agents pay 5% on cash-in Service wallet, but it was secretly increased to 10% without our knowledge.

Source: GhanaWeb June 28, 2021 12:33 UTC