President Akufo-Addo | It is in the public interest for the E-levy bill to be enacted into law.

Politics

He said Ghana cannot continue to depend on foreign aid, and must therefore find innovative ways such as the E-levy to raise revenue to finance its development.
Delivering the keynote address at the 2022 National Labour Conference at Kwahu- Nkwatia in the Eastern Region, Nana Akufo-Addo said the percentage of Ghanaians paying direct taxes is woefully inadequate and efforts must be made to bridge the gap.
President Akufo-Addo claims that enacting the E-levy bill is in the public interest.
Ghana, he argued, cannot continue to rely on foreign help and must instead discover new ways to earn income, such as the E-levy, to fund its development.
Nana Akufo-Addo stated the percentage of Ghanaians paying direct taxes is grossly inadequate and that measures must be made to close the gap during his keynote presentation at the 2022 National Labour Conference in Kwahu-Nkwatia in the Eastern Region.
We cannot continue to enable less than 10% of the population, namely 7.8%, or 2.4 million people, to bear the direct tax burden of 30.8 million people. We must provide every Ghanaian the opportunity to contribute to the nation’s development.”
“The proposed e-levy is an innovative fiscal policy that will help us achieve a more equitable tax-to-GDP ratio. It should be adopted into law, in my opinion, because it is in the public interest. “We can’t keep living off of foreign savings,” he said.
The President stated that the E-levy will let every Ghanaian to participate to country building, emphasizing that Ghanaians must understand Ghana’s responsibilities beyond help.
“It’s past time for us to acknowledge the full consequences of our goal of expanding Ghana’s economy beyond aid, and to shape our fiscal profile appropriately.” This will be one of the most reliable ways to enlarge the tax base and mobilize our own resources,” he stated.
It’s past time for us to acknowledge the full ramifications of our Ghana aim beyond aid and adjust our budgetary profile accordingly. This will be one of the most reliable ways to enlarge the tax base and mobilize our own resources,” he stated.
The E-levy is a new tax on fundamental transactions related to digital payments and electronic platform transactions that was implemented by the government in the 2022 Budget.
Electronic transactions worth more than GH100 per day will be subject to a 1.75 percent fee.
The e-acceptance levy’s by Parliament has been fraught with difficulties, with a vocal minority opposing it.
The government has stated that it intends to withdraw the law from parliament, alter it, and reintroduce it.