Facebook, Youtube, online trading companies must be taxed Deputy Finance Minister [Video]

Deputy Finance Minister, Dr Alex Ampaabeng has advocated for the taxation of online trading companies to boost Ghana’s economy.

He emphasized that both local and international companies operating online generate substantial revenue from Ghanaian consumers, highlighting the need for a more inclusive tax system.

During an interview on Channel One TV, Dr. Ampaabeng identified various untapped revenue sources for Ghana, including online businesses and content creation companies.

He raised concerns about the current tax landscape, questioning why traditional national companies are taxed while major social media platforms like YouTube and Facebook, which host numerous advertisements and profit from Ghanaian users, are not subject to local taxes.

Dr. Ampaabeng argued that these platforms earn significant profits through the adverts they display and that online trading companies also generate substantial income from their sales and services.

He cited examples such as Jiji, Jumia, and Tonaton, which he claimed have a greater market …