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Bad News For Momo Business; Bank Of Ghana Finally Speaks Out The Hard Truth Few Weeks Of E-levy Implementation

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E-levy Affecting Momo Business; Bank Of Ghana Finally Speaks Out The Hard Truth Few Weeks Of E-levy Implementation

In the month preceding the implementation of Electronic-Levy, the total value of Mobile Money transactions reduced by a 3 percent margin from GH¢90.5 billion in March to GH¢87.7 billion in April.

This is despite an increase in the number of registered mobile money accounts, which moved from 49.9 million in March to 50.2 million in April with about 18.6 million active accounts.

This is contained in the Bank of Ghana (BoG) Summary of Economic and Financial Data for May 2022, which was released on Friday May 20, 2022.

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The data showed that the total number of Mobile Money transactions had also decreased by 2.4 percent from 413 million in March to 403 million in April.

At the end of April 2022, the report indicated that there were 611,000 registered agents with about 454,000 active agents in the country.

Data on Mobile Money interoperability, which is the platform that allows transfer of funds from one mobile money wallet to another across different network also showed that transaction value had increased from 2.8 billion in March to 3.3 billion in April.

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It also noted that the total number of transactions had increased from 12.8 million in March to 14.2 million in April.

On a year-on-year basis, the total number of mobile money transactions has increased to about 20 percent from 323 million in April 2021 to 403 million in April 2022 whereas the total value of transactions has relatively increased by 4.4 percent from GH¢83.8 billion in 2021 to GH¢87.7 billion in April 2022.

Registered mobile money accounts increased by 7.5 percent as there were 42.1 million accounts in April of 2021 compared to 50.2 million in April this year whiles the active mobile money accounts have increased by 7.5 percent from 17.2 million in April 2021 to 18.6 million in April 2022.

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Source: www.GhanaCNN.com

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Residents Invoke Curses On Akufo-Addo, MP, Others For Introducing Galamsey In Their Community

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Some youth at Atronsu in the Bibiani Anwiaso Bekwai Municipality of the Western North region say they don’t community in their hometown as proposed by government.

Akufo-Addo

They have invoked curses on President Akufo-Addo, their MP, Alfred Obeng-Boateng and any person of authority who is spearheading the agenda.

Expressing their displeasure over the development on the streets Thursday, December 1, 2022, the youth said the community mining is galamsey in disguise a.d they will not sit unconcerned for their water bodies to be polluted and lands destroyed.

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They have also invoked curses on anybody that dares step foot on their land to indulge in any galamsey activity.

The youth say they want other job opportunities apart from galamsey and demonstrated their displeasure on the proposal.

One of the protestors who spoke with Onua News said “Nana Addo, you said you came for the poor but now you want to take our daily.bread from us. Our forefathers knew there was gold in our land but they never did galamsey. Chairman Wontumi, you and your children are eating and drinking in Kumasi yet you want our land to be used for galamsey.”

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“Nana Addo, you told us to get ourselves involved in Planting for Food and Jobs. You gave us oil palm and cocoa seedlings and if after planting them you want them to be cleared, then what’s the sense in the investment you made.

“Our MP Alfred Obeng-Boateng, you also gave me some seedlings and the very place I planted my oil palm is where you’re asking them to come and mine. In simple terms, we don’t want any community mining, galamsey or whatever it is called,” another youth entreated.

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Political elites’ attitude toward national challenges is terrible – CDD-Ghana

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The Director of Advocacy and Policy Engagement at Center for Democratic Development, Ghana (CDD-Ghana), Dr Kojo Pumpuni Asante has condemned the actions of the President, some Cabinet Ministers and Members of Parliament who have abandoned the 2023 Budget debate to watch the World Cup tournament in Qatar.

This follows reports that some ministers were seen in Qatar cheering on the Black Stars during their match against South Korea.

The Members of Parliament were expected to debate the policies announced in the budget.

However, most of the Majority MPs were not present in the House when the discussions on the budget started. The Finance Minister, Ken Ofori-Atta was also represented by his two deputies.

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Reacting to this in an interview aired on Joy FM’s Midday News on Thursday, Dr Kojo Pumpuni Asante described the absence of the ministers in Parliament as terrible.

According to him, the current state of the economy should urge leadership to show more concern about the welfare of the ordinary citizens and not embark on such needless travels.

“We have an army of young people that can’t find jobs and have a conveyer belt of producing more of this army of young people and the President goes to Qatar to motivate the Black Stars on the day that this budget is supposed to set and indicate our pathway to economic recovery. He shouldn’t have done that, but he did.”

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“The political elites in this country have to wake up because their attitude toward national challenges is terrible and even the challenges we are facing. I feel insulted as a citizen by the way our leaders are behaving around these things,” he said.

Dr. Pumpuni Asante therefore cautioned the country’s political elite to refrain from such acts.

“It should not cross anybody’s mind, whether cabinet minister or minister to be watching football when we are trying to fashion out a strategy to get out of this hell for many people.”

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Source: myjoyonline.com



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You Can’t Stop Appointees From Driving V8 – Anyaa Sowutuom MP

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The Member of Parliament for the Anya Sowotuom constituency, Dr. Dickson Adomako Kissi, says some government appointees might go against government’s directive on not driving V8s.

The MP says it’s untenable for him and his colleagues to drive salon cars to some parts of their constituencies.
He observed that most of the roads in the country are unmotorable, and plying such roads without V8s will be difficult for some government appointees who are Members of Parliament (MPs) to visit their constituencies.

The government in its 2023 budget statement placed “a ban on the use of V8s/V6s or its equivalent except for cross-country travel. All government vehicles would be registered with GV green number plates from January 2023”.

Reacting to this directive on The Point of View, the legislator said it will be a herculean task for him and his colleagues to commute to their constituencies with salon cars, especially in areas with poor road networks.

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“Well, I have to be very blunt here. I live in a place the roads are bad. If you stop me from using V8, I don’t know how I will get to some of my places, and I’m in Accra. I can even cite the likes of Ngleshie Amanfrom, I don’t know how Sylvester Matthew Tetteh (MP) can reach certain parts of his constituency in a salon car, it’s not possible. So that is a very difficult thing even if you are a Metropolitan Chief Executive (MCE)”.

“I mean if I need to go to Agape, if I need to go to certain parts within my constituency, if I make a move with salon car at Anyaa, there will be trouble, so I think that, that will not be very doable, and very difficult to measure,” Dr. Adomako bemoaned on The Point of View.

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He wants the ban to be reviewed in order for government appointees to go about their duties without any hindrance.
The lawmaker suggested that government appointees assigned with V8s should be made to pay for their own fuel, in order to cut the government’s cost in purchasing fuel for them.
He said some bold measures need to be taken by the government to scrap fuel given to government appointees for their V8s,

“How will you know if I’m going out of Accra or not? If you see me driving V8, there are some truths I must admit, I pay for my fuel, people should be made to pay for their fuel. We better scrap it. That can be a very bold move… When the onus is on you to pay fuel for wherever you will go, you will be much careful in terms of the route you use and where and how,” he suggested on The Point of View.

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SOURCE TheGhanaianVoice



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