elevy Archives - Wontumi Online

25 Jul

Government Defends Retention Of COVID-19 Levy

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Government insists that the COVID-19 levy remains crucial for addressing the lingering financial impacts of the pandemic, despite widespread calls from the business community for its repeal. In the lead-up to the mid-year budget review, the business community called for the removal of several taxes they deem redundant, including the COVID-19 levy. Many businesses argued that the tax, which was initially implemented to mitigate the financial impact of the pandemic, has outlived its usefulness and now poses a significant burden, making Ghana less attractive to investors. Despite these concerns, the government has defended the retention of the COVID-19 levy. Abena…

We Can Go Back And Increase Elevy To 4% And Forget About DDEP- Paul Opoku

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First Vice chairman for Dome Kwabenya constituency, Paul Opoku, says government should return to E-levy and increase it by 4% and forget the Domestic Debt Exchange Project. Speaking in an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, Paul noted that the government should resort to the the E-levy since the Domestic Debt Exchange Program(DDEP) is being opposed by Ghanaians. According to him government can find other ways of generating funds from the citizens. He said that ''There could be other ways we can mitigate pensioneers because thanks to Ghana card, there is availability of…

Removal Of E-levy Threshold Inappropriate – IEA

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The Institute of Economic Affairs (IEA) Ghana has said that the decision of government to remove the daily GH₵100 threshold on the electronic transactions levy (e-levy) is inappropriate. This, according to them, is because it ‘fails’ to protect the poor in the current economic crisis. Reacting to the announcement of a downward review of the e-levy rate from 1.5 per cent to 1.0 per cent in the 2023 Budget, the IEA said government could attain the revenue target and boost usage of electronic transactions if it reviewed the rate further downward to 0.5 per cent “We are not only disappointed…