E-levy flops; Gov’t rakes in less than 7% of targeted revenue

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.

E-levy: New data from Finance Ministry shows government rakes in less than 7% of target

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.



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