Economists, Mr Courage Boti and Mr Courage Kingsley\u00a0Martey, have described the introduction of the electronic transaction levy (e-levy) as a \u201cnecessary evil\u201d that will help generate more revenue for national development.<\/p>\n They said despite the uproar by Ghanaians and a heightened call for the termination of the levy, all indications had pointed to the direction that the 1.75 percent tax would be implemented to rake in revenue for the country. <\/p>\n The e-levy would apply to mobile money payments, bank transfers, merchant payments, and inward remittances. <\/p>\n In an interview with the Ghana News Agency, Mr Boti said, \u201cno tax is palatable, no one really wants to pay tax so it\u2019s normal for people to kick against it. It\u2019s affecting all of us.\u201d <\/p>\n \u201cNo Government wants public outcry, which is actually noise to the market but in absence of that there\u2019s no immediate alternative, and in the current time, we need a quick solution, so it [the e-levy] is more or less, a necessary evil,\u201d Mr Boti said. <\/p>\n \u201cBut if you don\u2019t want it, give us the alternative, and that is what the Minority in Parliament, International Monetary Fund (IMF), Economists and market players haven\u2019t done,\u201d he noted. <\/p>\n Mr Boti said: \u201cWe\u2019re are at the stage where we all need to share burden because if we don\u2019t do it (raise much revenue this year), a lot of programmes and policies would come to a standstill and the intention to get the youth into entrepreneurship and create more jobs would also be affected.\u201d <\/p>\n While urging the citizenry to help in the burden sharing, Mr Boti, also urged them to ensure they held the Government accountable to its promises, including the YouStart entrepreneurship initiative, construction of hospitals, and roads. <\/p>\n Mr Martey in a media discussion said, \u201cit appears that the e-levy will be a reality because there are indications that they will now engage in a wider consultation to see to the acceptance of the e-levy, so you\u2019ll ultimately see it passed.\u201d <\/p>\n That, he said, \u201ccalls for a \u2018plan B,\u2019 \u2026,reducing the expenditure ceiling by 20 percent. <\/p>\n \u201cThe other one, which you may call a plan C is one that is not immediately realisable, which is the integration of our national identification system [Ghana card] with all the various sectors that enables you to identify who is earning what in the economy and not paying the corresponding tax that he or she ought to pay,\u201d he added. <\/p>\n He was doubtful about the Ghana Revenue Authority\u2019s (GRA) ability to generate the almost seven billion revenue through the e-levy for 2022. <\/p>\n As such, he urged the Government to institute measures that would ensure that many Ghanaians paid enough direct taxes to correspond with their assets and income. <\/p>\n Meanwhile, the government has indicated that it was confident that the Revenue Assurance Compliance and Enforcement (RACE) initiative, launched in 2021 would help identify and prevent revenue leakages, and reinforce tax compliance.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The E-levy is contained in the 2022 budget statement of government Economists, Mr Courage Boti and Mr Courage Kingsley\u00a0Martey, have described the introduction of the electronic transaction levy (e-levy) as a \u201cnecessary evil\u201d that will help generate more revenue for national development. They said despite the uproar by Ghanaians and a heightened call for the […]<\/p>\n","protected":false},"author":1,"featured_media":288547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-764950","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/764950","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=764950"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/764950\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=764950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=764950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=764950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"The](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/11\/31683035.295.jpg\" "\\"The")
The E-levy is contained in the 2022 budget statement of government<\/span><\/span><\/p>\n<\/div>\n