Mixed reactions to Dr Bawumia’s promise to scrap E-Levy, other taxes
Published:
3 months ago
Source:
Ghanaian Times
The pledge by the New Patriotic Party (NPP) flagbearer, Vice President Dr Mahamudu Bawumia, to scrap the Electronic Transaction Levy (E-Levy) and other taxes has attracted varied reactions from Ghanaians. While some view the potential abolition of these taxes as a relief from their financial burdens, others remain skeptical about the Vice President's commitment to his promises. At the launch of the NPP's manifesto in Takoradi on Sunday, Dr Bawumia reiterated his pledge to eliminate the E-Levy, abolish the betting tax, reduce withholding tax for small-scale gold exports to one per cent, and consolidate all levies into a single Value Added Tax line item.
"We'll implement broad tax reforms, offering a one-time tax amnesty to all Ghanaians and corporate entities, wiping the slate clean from previous tax obligations. This will give everyone a fresh start in their tax journey," he told an enthusiastic crowd. However, Economist and Professor of Finance at the University of Ghana, Prof.