Former finance minister, Dr Kwabena Duffuor
The e-levy has been widely criticised
The levy covers mobile money, bank transfers, others
Parliament rejected 2022 budget on November 26
Dr. Kwabena Duffuor, a former finance minister under the Mills administration has kicked against government decision to impose a 1.75 percent levy on electronic transactions.
According to him, the announced rate for the e-levy is rather “immoderate” and must there be reduced.
Speaking in an interaction on the Super Morning Show, Dr. Duffuor explained the call for a reduction in the rate of e-levy is apt as he believes it’s the first time such a levy is being introduced to the populace.
“1.75% for the E-levy is a bit high. It should come down a bit. This is the first time we are doing it, so we should start gradually to see how people will receive it. In all taxation, the question should be ‘What I am taking, how will the payer respond to it and next year, will he be able to pay a bigger one for me?”
He further implored government to ensure mobile money transactions are cost-efficient on the Ghanaian consumer.
Finance Minister, Ken Ofori-Atta when delivering the 2022 budget statement before Parliament announced a 1.75 percent levy on e-transactions covering mobile money, bank transfers and other payments.
The tax levy has however been widely criticised with lawmakers calling for a review of the tax imposed in 2022 budget.
Parliament on Friday November 26, 2021 rejected the 2022 budget statement and economic policy.