There has been a significant shortfall in revenue from the controversial electronic transfer levy (E-Levy) months after it was passed as law.
The data released by the Finance Minister shows that the government has raked in less than seven per cent of its e-levy target.
The e-levy was initially expected to rake in ¢6.9 billion by the end of 2022 of which it was revised significantly to ¢4.5 billion.
According to JoyNews’ Data Analyst, Isaac Kofi Agyei, information from the Ministry’s provisional data span in the first and second quarters of 2022 reported that it has collected ¢92.7 million.
Comparing the amount raised (¢93.7 million) to the initial target (6.9 billion) indicate that a percentage of 6.4 per cent has been raked.
Source: Myxyzonline.com
