E-levy: the inability of E-levy to hit revenue target is not surprising; vindicates NDC – Sam George
In May, they made GH¢1.8 million a day on average. If you implement a policy that delivers 9%, you have failed woefully,” he further made his point.
He said the government’s ‘abysmal performance’ continues to prove how incompetent it is.
“This government should have absolutely no business getting close to the management of the economy, given the abysmal performance of what was hailed as the solution to all of our problems.”
Samuel George reiterated the decision by the NDC to abolish the E-levy.
The government commenced the implementation of the levy on May 1, 2022, after its initial announcement in the 2022 budget.
The E-levy was reduced from 1.75% to 1.5%
The government had hoped to rake in about GH¢7 billion from the collection of the 1.5% levy on mobile money and other electronic transactions, but the figure was revised downwards to about GH¢4 billion recently.
By: Christina Nana Adjoah Acquah