Scrap nuisance E-Levy if we're not generating enough revenue - Duffuor to government

Former Minister of Finance, Dr Kwabena Duffuor, has charged the government to scrap the Electronic Transfer Levy (E-Levy) if it is not meeting its revenue targets.

Speaking on Citi TV's The Point of View programme, Dr Duffuor described E-Levy as a nuisance tax.

“We need to ask ourselves, are we getting enough from it? If we are not getting enough from it, then it is a nuisance tax, and we should scrap it,” he said.

The introduction of E-Levy, according to government forms part of measures to help improve its domestic revenue mobilization.

Following several criticisms, the E-Levy tax was reviewed downwards from 1.5% to 1%.

Data from the Ghana Revenue Authority (GRA) revealed that the Electronic Levy (E-Levy) generated GH¢246.9million in revenue.

It accounted for 11 percent of the projected GH¢2.24billion for the year.

Since its implementation in May 2022, the E-Levy had generated a total of GH¢861.47million revenue by March 2023.

SA/NOQ

Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Watch the latest edition of BizTech and Biz Headlines below: