Institute of Economic Affairs (IEA)

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…