Ghana is saving of $1.1m every month on the Common Platform

Taking her turn at the meet the press series, the minister said the this, will result in a total of US$66 million over the 5 year contract period.

She also disclosed that unlike the previous contracts, the CP offers real-time monitoring of 2.5 billion transactions per day within the telecom sector in the form (e.g. Calls, SMS, Mobile money transactions, etc.) as well as Mobile Money Monitoring as an added component

Ghana initiated the CP to monitor the activities of telecom companies in accordance with Section 14 of the Communications Services Tax Act 2008 (Act 754), as amended by the Communications Service Tax Act 2013 (Act 864).

The Common Platform has four main components: Fraud Management, Traffic Monitoring, Revenue Assurance and Mobile Money Monitoring.

According to her, the CP made tax savings of over GH¢205.6 million.

“Over the life of the contract, the CP is expected to deliver tax savings of approximately GH¢795.9 million. This comes with a state-of-the-art Fraud Management System known as TELECOP. Through this, the CP originates over 150,000 international calls into Ghana every month to detect fraudulent SIMs automatically,” she said.

On Revenue Assurance, the Minister said the CP has been providing Revenue to the government through the Ghana Revenue Authority (GRA) Top-ups, Measurement of Top-ups per Operator by the CP and Revenue to the Operator measured by the CP (Consumption).

With this, she said the GRA is now able to verify the various revenue streams of the Mobile Network Operators (MNOs), plug revenue leakages and more accurately predicts revenue trends from the sector for planning and policy formulation.

For Mobile Money Monitoring, she said the CP has reported an average monthly usage of GH¢29.1 Billion, GH¢195.8 million transactions, with GH¢71 million generated by the Operators in transaction fees, with further breakdowns of transaction types for informed policy decision making.

She said: ”The introduction of the CP has uncovered that, prior to the introduction of the CP, GHS 300 million in taxes was lost from potential under-declarations between 2015 to Q1 of 2017. An estimated GHS 470 million in taxes was saved between Q1 of 2017 to date as a result of the announcement of the implementation of the CP on March 8^th, 2017 and its actual implementation to date. There would have been a potential loss of a total of GHS 1.5 billion through to the end of the CP contract, had the CP not been implemented.”

Source: Rainbowradioonline.com