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Kwabena Duffuor fights govt over E-levy; says it is double taxation

The controversial Electronic Transaction Levy, E-levy, continue to gather resistance from Ghanaians and top economists.

The latest to wade into the discussion is Dr Kwabena Duffuor, the former finance minister under the administration of John Evans Attah-Mills.

According to Duffuor, the E-levy will amount to double taxation arguing that taxes and levies are imposed on gifts, consumptions, income and assets.

“It should be noted that taxes/levies are imposed on income, gifts, consumption and held properties or assets. Electronic transfers and payments are none of these,” he said.

He told Joy FM’s Super Morning Show Tuesday that the implementation of the E-levy could have some challenges and also undermine Ghana’s digitization drive.

The government in the rejected 2022 budget planned to impose a 1.7% levy on all electronic transactions.

Popularly called MoMo tax by government opponents, the government projected to generate about $6 billion from the levy.

The money, according to the budget, would be used to fund various initiatives including entrepreneurship programs for the government, build more roads among other initiatives.

Content created and supplied by: A-news (via Opera News )

Duffuor Electronic Transaction Levy Ghanaians John Evans Attah-Mills Kwabena Duffuor

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