1.75% e-levy too high, reduce it – Duffuor to government

The e-levy has been widely criticized

The levy covers mobile money, bank transfers, others

Parliament rejected 2022 budget on November 26

Dr. Kwabena Duffuor, a former finance minister under the Mills administration has kicked against government's decision to impose a 1.75 percent levy on electronic transactions.



Read full article/> According to him, the announced rate for the e-levy is rather “immoderate” and must there be reduced.

Speaking in an interaction on the Super Morning Show, Dr. Duffuor explained the call for a reduction in the rate of e-levy is apt as he believes it’s the first time such a levy is being introduced to the populace.

“1.75% for the E-levy is a bit high. It should come down a bit. This is the first time we are doing it, so we should start gradually to see how people will receive it. In all taxation, the question should be ‘What I am taking, how will the payer respond to it, and next year, will he be able to pay a bigger one for me?”

He further implored government to ensure mobile money transactions are cost-efficient on the Ghanaian consumer.

Finance Minister, Ken Ofori-Atta when delivering the 2022 budget statement before Parliament announced a 1.75 percent levy on e-transactions covering mobile money, bank transfers and other payments.

The tax levy has however been widely criticized with lawmakers calling for a review of the tax imposed in the 2022 budget.

Parliament on Friday, November 26, 2021, rejected the 2022 budget statement and economic policy.

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