1% E-levy acceptable – Haruna Iddrisu

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Ghana’s finance minister Ken Ofori-Atta has announced that the government intends to introduce an electronic transaction levy (e-levy) in the 2022 budget. He said this was to “widen the tax net and rope in the informal sector”.

But according to the minority leader in parliament in the person of Haruna Iddrisu, his side will readily accept a reduction of the proposed electronic transaction levy (e-levy) to 1% from 1.5%.

“A week ago, it was no no no, we won’t accept e-levy but having listened to officials in government, including the Minister of Finance.

“I am convinced to accept a departure from my original no to accepting a one percent e-levy,” he said.

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Mr Iddrisu said this at the 10th Anniversary launch of the Ghana Chamber of Telecommunications in Accra on Thursday.

Pegging the e-levy at one percent was a great contribution to fiscal consolidation and would ensure the economy did not collapse going forward, he said.

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The digital economy was doing well and had facilitated a revolution in financial inclusion, hence it was unwise to overburden the telecommunication sector, Mr Iddrisu said.

“We are not against it but we want it fixed at one percent. We fear for double taxation because we already have the communication services tax,” he said.

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