E-Levy: Raise Taxable MoMo Amount To Ghc 300 To Save Ghanaians – Gov’t Told

Listen to this article

Getting your Trinity Audio player ready...

Governance expert, Dr. Benjamin Otchere-Ankrah has called on government to review its yet-to-be implemented e-levy policy.

Dr. Otchere-Ankrah held strongly that the 1.75% tax rate on all electronic transactions is huge and should be cut down to 1 percent.

He also requested the government to raise the 100 cedi taxable amount on MoMo transactions, proposed by the Finance Minister, to 300 cedis in order to exempt the less privileged in society whose salary per month is around Ghc 300 or 400, to wit those who don’t earn much to make ends meet.

Speaking to the authorities, he said; ”They should reduce it to 1 percent from 1.75 and then the daily taxable amount from 100 to 300. For me, that is what I think will be more pleasant to a lot of people to want to welcome this particular e-levy and then the majority should learn to build consensus.”