Chief Marketing Officer of Tigo Tenu Awoonor says new Stabilization Levy and Communication Service Tax will not be passed on to customers.
Government recently slapped a 5% National Fiscal Stabilization Levy and an additional 6% Communication Service Tax on telecoms operators.
The Act backing the taxes have been passed by Parliament but yet to get Presidential assented to become law.
The Ghana Chamber of Telecommunications has hinted telcos would seek further consultation with government on the proposed taxes before the Act matures into law.
But Tigo has gone ahead of that concerted move to announce that even though the taxes would shoot operational cost up, it would shield its customers from the impact of the taxes.
Tenu Awoonor said told Adom Business “taxes will certainly affect operational cost, but Tigo customers will continue to enjoy quality and most affordable service in Ghana.”
He however added that it is too early to determine the impact of the taxes on Tigo’s revenue and profits.
Tenu Awoonor spoke with Adom Business at this year’s launch of Tigo’s flagship “REACH FOR CHANGE” Social Entrepreneurial Project, designed to support persons with ideas aimed at improving the lives of children in Ghana.
“In previous years we have support two persons under under this project but this year we will give US$25,000 each to four persons who have innovative idea to creates a better environment for the development and advancement of children” Awoonor said.
He said the money would be delivered to qualified persons over a period of three years, and they would also receive mentoring to deliver their respect projects.
But Awoonor noted that one important thing is that each of the ideas must be innovative, scalable and have a promise to be financially sustainable beyond the three-year support period, while helping to improve the lives of children.
Tigo has called for entries to be submitted between now and August 6, 2013 for the scrutiny process to begin. Fifty (50) entries would be selected after the first level of scrutiny by a panel of judges and owners of those 50 ideas would have to pitch their business plans to qualify for support.
Tigo is doing the “Reach for Change” project in partnership with Swedish based NGO called Reach for Change.