Revenue from E-Levy to build more roads create jobs, Akufo-Addo
E-Levy will reduce our dependence on debt, Akufo-Addo
On November 17, 2021, Finance Minister, Ken Ofori-Atta, during the 2022 budget reading in parliament announced the introduction of a 1.75% tax on all electronic transactions.
According to him, this new directive forms part of strategies to widen the country’s tax net.
He added that the 1.75% tax is also to enhance financial inclusion and protect the vulnerable in the country.
The introduction of the E-Levy has since courted several controversies in the country, especially amongst parliamentarians and Ghanaians.
While some are for it, others are against the passage of the E-Levy bill.
In a tweet sighted by GhanaWeb, President Nana Addo Dankwa Akufo-Addo said, "The E-Levy will provide government with revenue to build more roads, provide more jobs and opportunities for the youth and reduce our dependence on debt."
Meanwhile, the E-Levy will be re-laid before parliament next week for deliberation and approval.
President of Ghana, Nana Addo Dankwa Akufo-Addo