Politics of Saturday, 12 October 2024
Source: 3news
Independent Presidential Candidate George Twum-Barimah-Adu has announced plans to replace the current Electronic Transaction Levy (E-Levy) with a system called "E-Sika" if elected.
Unlike E-Levy, which takes money from electronic transfers for government revenue, E-Sika will create savings and pensions for citizens based on their spending.
Twum-Barimah-Adu explained that E-Sika will link to individual Ghana Cards, allowing funds to be saved in three areas: pensions, housing, and welfare. These savings will be managed by a tier-two fund manager, benefiting all citizens, including informal workers.