{"id":1160223,"date":"2022-07-27T15:20:52","date_gmt":"2022-07-27T15:20:52","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/07\/27\/govt-slashes-e-levy-target-for-2022-to-%c2%a2611m\/"},"modified":"2022-07-27T15:20:52","modified_gmt":"2022-07-27T15:20:52","slug":"govt-slashes-e-levy-target-for-2022-to-%c2%a2611m","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/07\/27\/govt-slashes-e-levy-target-for-2022-to-%c2%a2611m\/","title":{"rendered":"Gov&#8217;t slashes E-Levy target for 2022 to \u00a2611m"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/07\/2019-mid-year-budget-review_24-696x464.jpg\"   alt=\"\" title=\"2019 mid-year budget review_24\"\/><figcaption class=\"wp-caption-text\">Finance Minister, Ken Ofori-Atta<\/figcaption><\/figure>\n<\/div>\n<p>Government has reviewed its revenue target for the controversial Electronic Transaction Levy (E-Levy) to \u00a2611 million, from about \u00a24.9 billion.<\/p>\n<p>Finance Minister, Ken Ofori-Atta, disclosed this in the 2022 Mid-Year Budget on Monday, July, 25, 2022.<\/p>\n<p>The new tax which many Ghanaians have opposed vehemently has only raked in \u00a293.7 million, from the \u00a21.46 billion\u00a0target for the first half of this year.<\/p>\n<p>However, the value of Mobile Money transactions which the levy largely is obtained has not dipped significantly, according to data from the Bank of Ghana.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>In the month of May 2022 that E-Levy was implemented, Mobile Money transactions declined by18.58% to \u00a271.4 billion.<\/p>\n<p>However, in the month of June 2022, the transactions via Mobile Money went up to \u00a277.4 billion, an 8.4% growth.<\/p>\n<p>According to data from the Bank of Ghana, Mobile Money transactions grew consecutively until April 2022 when it dipped slightly.<\/p>\n<p>The Mobile Money transactions in the first four months of this year were January 2022 (\u00a276.2 billion), February 2022 (\u00a276.8 billion), March 2022 (\u00a290.5 billion) and April 2022 (\u00a287.7 billion).<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"1TUSg7Zzcfk\"><iframe loading=\"lazy\" title=\"John Mahama and wife inaugurate 45-bed maternity and children&#039;s ward at Bole (27-7-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/1TUSg7Zzcfk?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister, Ken Ofori-Atta Government has reviewed its revenue target for the controversial Electronic Transaction Levy (E-Levy) to \u00a2611 million, from about \u00a24.9 billion. Finance Minister, Ken Ofori-Atta, disclosed this in the 2022 Mid-Year Budget on Monday, July, 25, 2022. The new tax which many Ghanaians have opposed vehemently has only raked in \u00a293.7 million, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1160225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[21575,2099,225,3785,1922],"class_list":["post-1160223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-611m","tag-elevy","tag-govt","tag-slashes","tag-target"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1160223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1160223"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1160223\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1160223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1160223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1160223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}