• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Friday, May 27, 2022
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home Ghana News Ghana Business

Kumasi Traders lament over possible collapse of their business if E-Levy is implemented

News Reporter by News Reporter
February 10, 2022
in Ghana Business
0
58
SHARES
322
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

For years, traders who carried a lot of cash on them on long-distance travels to purchase goods complained about incessant attacks by armed robbers.

However, the situation drastically changed when they switched to using mobile money transfers.

You might also like

Ghana’s public debt hits almost 400 Billion Cedis in 2022 first quarter

Fuel prices to up marginally

Fuel prices to up marginally

As they are overly reliant on mobile money now, some traders at Racecourse, a popular market in Kumasi for instance, say they fear their businesses could grind to a halt if the electronic transaction levy is implemented as it will adversely affect their finances.

Some have lamented that they usually borrow the capital they use for their business activities from other people, and then load it onto their mobile money wallets just to avoid being victims of armed robbery attacks or theft.

They, therefore, believe it will impact them badly if taxes would be taken from them for sending out their capital.

“I think this policy will negatively impact traders. Not all of us are rich. We borrow from some people in order to get our capital. We are even supposed to pay interest. We have been advised to load the money on our mobile money wallet to be safe from harassment by armed robbers. Even if the phone is stolen, the money in the wallet will still be intact, so we can withdraw our money. But why will the government be taxing the capital that we are supposed to use for our businesses? Our businesses will collapse if that happens. We are therefore appealing to the government to find other alternative ways of taxing than resorting to this,” a trader, Victoria Enyonam lamented.

Other traders who share similar sentiments are also urging the government to abort plans of introducing the policy.

“As a result of mobile money, people can receive the money and then bring the goods here. If the tax is going to be introduced, they won’t be bringing them to me here again since they will be making losses. In that case, how will my family and I survive,?” Afia Gladys, a disturbed trader asked.

For Akua Mercy, who travels to the Côte d’Ivoire border in order to get fish to sell and relies heavily on mobile money, she believes the introduction of the E-levy will compound their woes.

“My worry is that we take our goods from the Abidjan border. Already, the people there cheat us. It would be worse if the government implements the E-levy”.

Previous Post

Akufo Addo’s “Year of Roads” Just an empty Slogan- Association of Contractors

Next Post

What happened to the many taxes we paid in the past? Joselyn Duma says NO to E-Levy

News Reporter

News Reporter

Related Posts

Ghana Business

Ghana’s public debt hits almost 400 Billion Cedis in 2022 first quarter

by News Reporter
May 21, 2022
Ghana Business

Fuel prices to up marginally

by News Reporter
May 16, 2022
Ghana Business

Fuel prices to up marginally

by News Reporter
May 16, 2022
Ghana Business

Our business will collapse if we relocate to Afienya – Abossey Okai spare parts dealer

by News Reporter
May 11, 2022
Ghana Business

Ghana’s Inflation hits A Shocking 23.6% in April 2022

by News Reporter
May 11, 2022
Next Post

What happened to the many taxes we paid in the past? Joselyn Duma says NO to E-Levy

Recommended

PPA scandal: CHRAJ lied about AB Adjei’s bank account amounts – Kevin Taylor blows hot air

PPA scandal: CHRAJ lied about AB Adjei’s bank account amounts – Kevin Taylor blows hot air

November 1, 2020
COVID-19 Is Leaving Its Mark On The Cannabis Industry, Insiders Say

COVID-19 Is Leaving Its Mark On The Cannabis Industry, Insiders Say

April 19, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

News

Ave- Xevi Wins Maiden Edition of Dr.Stephen Torkpo Foundation and De-CAK Ventures Easter Community Football Gala.

April 17, 2022
Ghana News

Muntaka rushed too much with motion on reversal of absentee NPP MPs’ case – Cletus Avoka

April 13, 2022
Ghana Business

Ghana records its highest inflation rate in 13 years, March figures rise to 19.4%

April 13, 2022
News

Manipulated “Unanimous FC” Restrains James Quayson from Holding himself as MP

April 13, 2022
World Sports

Manchester United Making Final Moves to Sign Ajax Coach Ten Hag

April 13, 2022
WADR

WADR: A Liar is a Liar

April 13, 2022

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.