A former finance minister Mr. Kwabena Duffour has spoken on the Electronic Transactions Levy which the President Nana Addo-Dankwa Akufo-Addo and Dr. Bawumia led Government is seeking to impose on Ghanaians.
Speaking on the issue, Dr. Kwabena Duffour stayed that the Government is contradicting itself with the introduction of the Electronic Transactions Levy.
Dr. Duffour therefore called on President Nana Addo-Dankwa Akufo-Addo, Dr. Bawumia and the finance minister Mr Ken Ofori Atta to cancel the E-levy and explore other alternatives.
In a tweet, the Dr. Duffour who is a known finance expert explained that an estimated revenue from taxing extractive sector (oil and mining) per year is 25 Billion as compared to the estimated amount GHc6.9 Billion to be realised from the proposed E-Levy.
He said “For a government that wants to leverage on digitalization the e-levy contradicts the facilitation of a digital economy and worsens financial conditions for already struggling Ghanaians. Focusing on the extractive industry yields more revenue without the burden the e-levy creates.”
SOURCE : Coverghana.com.gh
