As reader may have it, E-Levy is trending on social media because it will be effective in the next 40 days.
It would be recalled that during the 2022 budget reading in parliament, Finance Minister Ken Ofori-Atta announced the imposition of a 1.75 percent tax on all electronic transactions starting November 17, 2021.
This new mandate, he claims, is part of a strategy to broaden the country’s revenue base.
He went on to say that the 1.75 percent tax is also intended to increase financial inclusion and protect the country’s most vulnerable citizens.
Many Ghanaians have however shared their displeasure at the introduction of the new tax, which they say will hamper the effectiveness of the cashless society the government hopes to achieve and overburden the poor.
Here are some of the tweets:
People in govn't and those profiting from it talk about the E-Levy as if it's the first time the NPP govn't is to raise funds. But they're the same folks who have always celebrated how successful the gov't has been at borrowing & borrowing & borrowing with little to show for it!
— Sulemana Braimah (@sulemana) November 22, 2021
The more I process the e-Levy, the angrier I get. It is a complete rip off. It is a taxation ponzi scheme designed to tax d same value of money multiple times. It is plain government thievery & I cannot vote to approve a budget that has that levy included. No! 🦁 @zanetorofficial
— Sam 'Dzata' George (@samgeorgegh) November 20, 2021
The E-Levy tax proposal should be withdrawn. I think it is a lazy way of governance. innovative ways are not used to generate revenue for govt. Corruption and wastage costs us billions of $$ yearly. Why is the govt not interested in saving those billions from being lost? #JoySMS
— Spicely (@avidpac) November 22, 2021
Ben Dr. Abdallah is enriched with Economics paaa ooo. I really enjoyed his submissions. Is there a way I can get in touch with him please? Also regarding the e-levy tax, does the tax affect check users? #CitiCBS
— Domelevo's P.A (@Owusu81467873) November 22, 2021
Assuming there are no network charge’s and you send an initial 1000ghs to your mom, that amount will be all swallowed up by the E-levy by the 170th transfer. This is backward for pursuit of a cashless economy #joysms https://t.co/k4ASsUpgVP
— kobby (@asareric) November 22, 2021
1.75% E-levy: E-levy has three components.
1.75% on all mobile money transactions, 1.75% on all financial bank transactions and 1.75% on all inwards remittances – MP for Ningo-Prampram, Sam George. #AMShow
— JoyNews (@JoyNewsOnTV) November 22, 2021
E-Levy: Anyone who transacts over Ghc100 a day is not poor – Ursula — Starr Fm https://t.co/OMyNZTPXrn
— Goodbye, Ole (@thenanaaba) November 18, 2021
My special song dedication to NPP foot soldiers after their silence over the new momo tax and E-levy 🤣 🤣 🤣 🤣 pic.twitter.com/qs030UiD5u
— DKB GHANA (@dkbghana) November 18, 2021
40 days more till we start paying E-Levy on Momo. 🇬🇭😊God bless Ghana.
— KALYJAY (@gyaigyimii) November 22, 2021
The very govt that said they're practicing digital economy now slapping Ghanaians with ELECTRONIC LEVY (E-LEVY) which will affect all electronic transactions. Waawo!
— Peter Doe Jnr 💫🌠✨ (@PeterDoeJnr1) November 17, 2021