GHC44 million spent by the beauty industry in online transactions – Ursula on why E-levy is necessary

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Ursula Owusu Ekuful, Minister of Communication and Digitization, claimed the E-levy will not be double taxation.

She said that the fashion and beauty business spent about Ghc44million on electronic platforms, denying the Ghana Revenue Authority (GRA) a tax component.

“Businesses have moved online, beyond of the reach of the GRA, denying the government much-needed money. The E-Levy would accomplish that.

According to her, the money will help the government construct digital infrastructure and link buyers and vendors.

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The Minister said this at a town-hall meeting in Koforidua, the Eastern Regional Capital.

“Using a credit or debit card costs between two and three percent of the overall cost. Bank charges apply to all bank transfers; thus this is neither a double taxation or a tax on our capital.

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In order to ease the strain on the government, funding for road building and maintenance would be improved. This kind of infrastructural improvement would also help reduce young unemployment. As would YouthStart,” said Madam Owusu Ekuful.

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