Think tank Anchoring Democracy Advocacy Movement Ghana (ADAM GH) has urged the Speaker of Parliament and the Minority side of Parliament to ensure that the 1.75 E-levy introduced by the Government does not see the light of day.
Presenting the 2022 Budget statement and Economic Planning last week, Finance Minister, Ken Ofori-Atta indicated that the introduction of the levy was to widen the tax net and rope in the informal sector.
The accrued revenue is expected to be used to construct roads and also support small businesses to expand and create employment for many.
As the budget debate is ongoing in Parliament, some Ghanaians who believe the rate is high have argued that the implementation of the e-levy will hamper financial inclusion. Others also contend that it will burden the already taxed population.
According to the Finance Minister, to safeguard efforts being made to enhance financial inclusion and protect the vulnerable, “all transactions that add up to ¢100 or less per day (which is approximately ¢3000 per month) will be exempted from this levy.”
But speaking on Tonton Sansan on TV XYZ Thursday morning, the Executive Director for ADAM-GH, Emmanuel Azubila kicked against the levy, and stressed that the wholesale approval of the budget by Parliament will negatively affect the people.
He told Piesie Okrah that the Minority has an opportunity to prove to Ghanaians that they will work in the interest of the country and not be heaping taxes on citizens anyhow.
“This is a test case for the Speaker of Parliament [Albert BAgbin] and the Minority to prove that they love Ghanaians,” Azubila said as he urged them to reject some portions of the economic policy of the country presented to them.
Meanwhile, the Danquah Institute (DI), a pro-government think tank, has advised the government to suspend the Electronic Transactions Levy (E-Levy) to pave the way for broader consultations to shape the policy into a more comprehensive and acceptable one.