E-levy will surely be passed; its a necessity – Agric minister

Dr. Owusu Afriyie Akoto, Minister of Food and Agriculture, has expressed optimism that the contentious e-levy will be passed, allowing the government to meet the ever-increasing demands of the Ghanaian people.

“…absolutely be passed and it will be good for the people of this country to bring a lo of people outside the tax net into the net which is where any modern state should be that only 13% of Ghanaian taxpayers are paying tax is something which totally untenable,” the minister said.

The e-levy, he claims, has become necessary due to the rising cost of living because it is an internal source of revenue that assures that every Ghanaian contributes to the national coffers.

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The government expects to raise about 6.9 billion Ghana Cedis from the e-levy Bill, which has been in parliament since last year and seeks to impose a 1.75 percent tax on all electronic transactions. All external sources of revenue appear to be unavailable due to weak economic indicators and several negative ratings by international rating agencies.

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However, the majority of Ghanaians oppose it, including analysts who claim that it will exacerbate the predicament of Ghanaians who are already suffering.

Since the Finance Minister submitted the law into the house as part of the 2022 budget last year, the majority and minority caucuses in parliament have been fiercely divided on the bill.

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Source: Pulsenewsgh

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