Sign in
Download Opera News App

News Politics

 

Politics

 

Africa politics

The E-Levy Situation In Ghana Reminds Me Of What Happened In 1995

Since the announcement of the Electronic Levy (E-Levy) by Ken Ofori-Atta in Parliament, Ghanaians in Ghana and on the social media went divided, and left in a state of heated debates everyday. 

Also in the floor of Parliament, the Majority and the Minority caucus are battling each other for the approval of the controversial E-Levy Bill; whiles the Majority NPP group are fighting to pass the bill, the Minority NDC caucus is also fiercely fighting against the approval. 


The Electronic Transaction Levy, commonly known as E-levy or momo tax, is a 1.75% tax applied on transactions made on electronic or digital platforms.

It does appear to me, that the current situation surrounding the E-Levy, can be likened to that of year 1995, when the then president, President Jerry John Rawlings wanted to introduce the Value Added Tax (VAT) initiative; dividing the nation, and subsequently leading to 'Kume Preko' ..one of the biggest demonstrations in Ghana's history.


The 'Kume Preko' demonstration, was the name given to anti-JJ Rawlings's government demonstration. The protest was led by Nana Akufo-Addo, Charles Wereko-Brobby, Kwesi Pratt Jnr, Akoto Ampaw and Napoleon Abdulai .


The then Value Added Tax (VAT), was the standard VAT rate is 12.5%, except for supplies of a wholesaler or retailer of goods, which are taxed at a total flat rate of 3%. VAT is charged on the supply of goods and services, where the supply is a taxable supply and made by a taxable person in the course of business,

Just like the current E-levy brouhaha, the whole nation Ghana, was divided; with some people in favour of the tax,while the majority were against its introduction.


The point is, Vat has been with us for years, but the situation in the country is nothing to write home about. Again...does it mean that without the E-Levy, the Nana Addo Bawumia government can’t function?

What is your take...do you support the introduction of the Mobile Money Tax in Ghana?


Please share your views in the comment box below.


Remember to follow this page for more upcoming updates.

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

Electronic Levy Electronic Transaction Levy Ghana Majority NPP Minority

COMMENTS

Load app to read more comments