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.
Source: ghanaweb.com
