Time to hide your money: John Mahama is desperate

Straight from the heart of a friend. No Gimmicks. Thanks Nana Ama Agyemang Asante

Cash Mahama

Immediately they imposed taxes on condoms I knew government’s desperation for money had resulted in a sudden loss of common sense. The withdrawal of that tax left me believing the madness had been cured. But the Ghana Revenue Authority’s list of non-core banking services to be charged 17.5 percent Value Added Tax (VAT) shows that the Mahama government is tone deaf. They never learnt from that condom tax fiasco.

Click here to see the full list of financial services that would attract the 17.5% tax.

In what universe is issuing of cheques, loans, letters of credit considered non-core banking services? This list covers almost all the core things banks do for their clients. I have a savings and a current.  Mostly I withdraw money using my ATM cards or a cheque. The bank alerts me via text message and email anytime there is an activity on any of the accounts…

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