Govt's own budget shows that e-levy will not make any significant contribution - Mahama | 3NEWS

He said government’s own budget proposals show that the e-levy which commenced on Sunday May 1 will not make any significant contribution in resolving the problems but would exert an adverse toll on the people of Ghana.

“Unfortunately, in the face of this self-inflicted economic catastrophe, this government against all sound advice has decided to introduce the E-Levy, a regressive tax that heaps more suffering on Ghanaians.

The President’s answer was that it is the newest and fastest growing sector of our economy that is not being taxed.Clearly the President did not understand the question, or he is clueless about the regressive nature of the E-Levy.

There are complaints of transfers of under GHS100 being subject to tax contrary to the law.“Government’s desperation to tax Ghanaians to get the nation out of the hell hole it has dumped us will not succeed because Government’s own budget proposals show that the e-levy will not make any significant contribution in resolving our problems but would exert an adverse toll on the people of Ghana.

We are, however, implacably opposed to distortionary and burdensome taxes like the e-levy that only force Ghanaians to endure more suffering.”

He further assured that a future NDC government will abolish the e-levy.

“A new Government, God willing and with the votes of the sovereign people of Ghana – in 2025 – will repeal the E-Levy Act