Could a new tax see Ghanaians go back to using cash?

Published: April 29, 2022, 1 a.m.

Like many people across the continent, Ghanaians have seen the cost of living rising in recent months.\nAnd from Sunday they will have to budget for a new tax on some transactions.\nAn \u2018e-levy\u2019 of 1.5% will be applied to mobile money payments, bank transfers and remittances over 100 cedis ($13).\nThe government says the tax will raise nearly a billion dollars this year alone.\nAnd that the funds will be used to build roads, fund education and support young entrepreneurs. \nBut some people are worried that the tax will hit those on low incomes the hardest and force many people to return to using cash.\n#AfricaDaily