Hot!
f E-levy has become a nuisance tax, scrap it – Dr Duffuor tells government
- /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://spectator.com.gh/wp-content/uploads/2023/08/FB_IMG_1692891054680.jpg&description=f E-levy has become a nuisance tax, scrap it – Dr Duffuor tells government', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://spectator.com.gh/wp-content/uploads/2023/08/FB_IMG_1692891054680.jpg&description=f E-levy has become a nuisance tax, scrap it – Dr Duffuor tells government', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
A former Finance Minister, Dr Kwabena Duffuor has advised the government to scrap the Electronic Transfer Levy (E-Levy) if it is not raking in the needed revenue.
According to him, there is no need for the government to keep such a tax.
In an interview with Citi TV on Wednesday, Dr Duffuor insisted that the controversial levy should be abolished immediately if it has become a nuisance tax.
“We need to ask ourselves, are we getting enough from it? If we are not getting enough from it, then it is a nuisance tax, and we should scrap it.”
Meanwhile, data from the Ghana Revenue Authority (GRA) indicates that the Electronic Transfer Levy (E-Levy) implemented in May 2022 raked in ¢861.47 million as of March 2023.
The controversial levy in the first year of implementation at a rate of 1.5% accrued ¢614.57 million.
However, in the first three months of 2023, the levy brought in ¢246.9 million for the state.
According to the data from the GRA, the E-levy registered ¢53.58 million in revenue in the first month (May 2022) of its implementation.
It further shot up to ¢59.23 million in June 2022 and consistently rose in July 2022 (¢65.0 7million), August 2022 (¢71.29 million), September 2022 (¢78.95 million), October 2022 (¢85.73 million) and November 2022 (¢93.3 million) respectively.
The E-levy inflows breached the one hundred million cedis mark to record ¢106.79 million in December 2022.
It however began the year recording lower revenue than in December 2022. This was after the rate was revised to 1%, from 1.5%.
E-levy records ¢246.9 million in quarter 1, 2023
In January 2023, the E-Levy inflow was estimated at ¢85.93 million.
It subsequently fell to ¢73.99 million, about 13.9% decline in February 2023.
However, in March 2023, the E-Levy amounted to ¢86.98 million, bringing the total collections in the first quarter of 2023 to ¢246.9 million.
The government had set a target of about ¢7 billion for E-levy in 2022. But the delay in implementation compelled it to review the target several times to about ¢800 million in the first month of implementation.
Despite the uproar about the implementation of the E-Levy, total mobile money transactions exceeded ¢1 trillion in 2022.
Source: Myjoyonline.com
The Tema Regional Police Command has arrested a 32-year-old man for allegedly posing as a soldier and extorting money from unsuspecting members of the public at Ashaiman.
The suspect, identified as Bright Atsu Kudiabor, was arrested by the Ashaiman Police on Wednesday, September 16, 2026, at about 7:00 a.m.
According to the Police, he was arrested at an area known as “I Shall Return”, where he was allegedly parading himself as a soldier and demanding money from people.
The Police said Kudiabor, who is an ex-convict, was initially arrested by personnel of the Ghana National Fire Service in Ashaiman with assistance from other members of the public.
A search conducted on him after he was handed over to the Police reportedly led to the recovery of a set of military camouflage uniform.
The suspect is currently in Police custody and assisting with investigations.
The Tema Regional Police Command said he would be processed for court after investigations are completed.
The Police urged the public to remain vigilant and report anyone who falsely presents themselves as a soldier or a member of another security agency to deceive or extort money from the public.
By: Jacob Aggrey
Volta Regional Minister, James Gunu, says the Volta Region holds enormous agricultural potential and efforts must be geared towards connecting farmers to the needed resources to unlock that potential.
He said focus must be on linking farmers to resources, technology, financing and markets to increase production, create jobs and build sustainable livelihoods.
Hon. Gunu made the remarks at the national launch of the Ghana Tomato Self-Sufficiency Initiative (GHATSI) held at Anloga in the Volta Region on Tuesday, September 15.
The initiative, under the theme “Produce at Home. Feed the Nation. Export the Surplus,” seeks to boost local tomato production, processing and marketing while reducing Ghana’s heavy reliance on imported tomatoes.
The launch was attended by the Minister for Food and Agriculture, Eric Opoku, his Deputy, John Setor Dumelo, Feed Ghana Coordinator, Bright Demordzi, Members of Parliament, traditional leaders, MMDCEs, farmers and other stakeholders.
Mr.Gunu expressed appreciation to the Minister for Food and Agriculture for the support announced for the region, including two excavators, 200 cartons of organic fertiliser, and GH¢200,000 for Ms. Kuatudzo Esther Dela, a tomato farmer and processor from Ziope.
He described the initiative as an important step towards making agriculture a stronger driver of food security, job creation and economic growth in the Volta Region.
By Edem Mensah-Tsotorme
