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The Latest Good News For E-levy Users

One of the taxes that generated the biggest controversy ever in Ghana's history, is the Electronic Transaction Levy also known as the e-levy, or the momo tax.

After its announcement in parliament, by the Finance Minister Ken Ofori-Atta, the controversial e-levy bill generated so much heat in Ghana; especially in Ghana's parliament, social media and around the world. It also became the most popular name in every household, offices and even on the streets of Ghana.

After its passage by parliament and its implementation on May 1, 2022, the e-levy became an 'enemy tax' to some Ghanaians; and causing many more people to reduce their mobile money transactions.

Since majority of Ghanaians are against the payment of the e-levy; the latest good news coming out hints that, the controversial electronic transaction tax (e-levy), is gradually failing.

This information was first revealed by a leading member of the New Patriotic party, Mr Gabby Otchere-Darko; who revealed that, the e-levy, has failed to live up to government’s expectation, because it has generated less than ¢60 million, in about two months of its implementation.

In a recent tweet, Gabby revealed that, the e-levy, which was to have given the government about 600 million by now, has done less than 60m", and that,“I am not for an IMF program that throws peanuts at us; but imposes conditions that will end up hurting the poor, jobs and businesses more. Covid-19 and War in Ukraine are not of Africa’s doing, but more to our doom. A program that pretends it is all our doing is doomed to fail. We do something that will inject confidence in our capacity to ride this heavy storm, and that something should happen pretty quickly. Are you against an IMF program"?

Later today, Mr. Kwaku Kwarteng, the Chairman of Parliament’s Finance Committee also stated that, it is too early for anyone to conclude that, the policy is failing, but if the government assess, that the e-levy is not a helpful policy, it will be withdrawn.

Some reports by the media have revealed that, "following the implementation of the e-levy on May 1, 2022, most Ghanaians are said to have changed their behaviors, toward the electronic transfer of funds. According to a study, 83% of the populace felt compelled to do so in order to adjust to the limits introduced by the said levy as far as their livelihoods are concerned".

Personally, i think it is the wish of many Ghanaians, the e-levy be withdrawn; and so any information coming from the government; that the policy is failing will be a good news to Ghanaians.

Content created and supplied by: CornerNewsUpdate (via Opera News )

Ghana Ken Ofori-Atta e-levy


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