The 1.75 per cent E-levy would apply to mobile money payments, bank transfers, merchant payments, and inward remittances.
In a Twitter post accompanied by a video, today, January 27, President Akufo-Addo said, “The E-levy will provide the government with revenue to build more roads, provide more jobs and opportunities for the youth and reduce our dependence on debt.”
The Minister for Communications and Digitalisation, Ursula Owusu-Ekuful, at the government’s Town Hall meeting, explained that the government would put in measures to protect their businesses.
“I can say confidently to the MoMo operators that we’re working to grow your business and not destroy it,” she said.
She appealed to the Minority “to cooperate with the government and work with us to pass this levy as well because ultimately, the result that we got from the Communication Services Tax, which clearly didn’t destroy the industry, will also be evident post-implementation of this levy.”
The Minority caucus in Parliament has opposed the E-levy bill ever since the government presented it in the 2022 Budget statement to the House last year. Discussions concerning the passage of the levy ended up in brawls in parliament in December last year