E-levy has generated less than GH¢60 million instead of the expected GH¢600 million-Gabby Otchere-Darko

The electronic transactions levy (E-levy) revenue isn’t as high as the government had calculated, according to tweets by the leading member of the New Patriotic Party (NPP) Gabby Asare Otchere-Darko on Monday June 27, 2022.

According to him the electronic transactions levy (e-levy) added through government to generate extra money for the government is raking in most effective 10% of anticipated revenue.

The government started the implementation of the levy on May 1, 2022, after its preliminary assertion withinside the 2022 budget. In a chain of tweets, Mr. Otchere-Darko stated the e-levy, for the reason that its implementation has generated much less than GH¢60 million as opposed to the anticipated GH¢600 million.

The E-levy became decreased from 1.75% to 1.5% following protests from numerous stakeholders. The discount became taken into consideration inadequate through businesses that have been calling for the levy to be scrapped.

The government had hoped to rake in approximately GH¢7 billion from the gathering of the 1.5% levy on mobile money and different electronic transactions, however the figure became revised downwards to approximately GH¢4 billion recently.

Read the tweets from Gabby Otchere Darko

Source: Ghanatodayonline.com