An Economist, Dr Theo Acheampong has stated that there will be minimal impact on public finances when the e-levy and Covid levy are removed.

In his analysis of these two taxes, he explained that together, they raised GHS3.259 billion or USD 296 million in 2023, accounting for 2.4% of total domestic revenue or 0.4% of Ghana's 2023 Gross Domestic Product (GDP).

To put things into context, he said, this is about as much as the International Monetary Fund (IMF) normally gives Ghana for completing a successful review of the current ongoing programme (2023-2026). "These two taxes can easily be scrapped.

In my view, scraping them would have a limited impact on public finances but bring significant relief to many citizens and businesses," he wrote on his X page.