In a recent statement, former Finance Minister Dr. Kwabena Duffuor has put forth a suggestion for the current Akufo-Addo-led administration regarding the Electronic Transfer Levy (E-Levy).
Dr. Duffuor emphasized that if the E-Levy is not yielding the anticipated revenue, it might be prudent to consider its elimination.
“We need to ask ourselves, are we getting enough from it? If we are not getting enough from it, then it is a nuisance tax, and we should scrap it,” Dr. Duffuor stated in an interview on CiTi TV monitored by InsiderGH.com.
The Electronic Transfer Levy, a financial measure introduced to capture revenue from electronic transactions, has stirred debate since its implementation. Dr. Duffuor’s statement adds to the ongoing discussion surrounding the effectiveness and impact of this levy on the country’s financial landscape.
As a former Finance Minister with extensive experience in economic matters, Dr. Duffuor’s recommendation holds weight and has garnered attention from various quarters.
The suggestion to reevaluate the E-Levy’s role comes at a time when the government is evaluating its fiscal policies and revenue-generation strategies.
The impact of the E-Levy on businesses, consumers, and the overall economy remains a point of contention, making Dr. Duffuor’s proposition a timely contribution to the ongoing dialogue about Ghana’s financial future.
