E-Levy: 1.75% Is The Lowest Tax Rate Ever! – Egyapa Mercer

E-Levy: 1.75% Is The Lowest Tax Rate Ever! - Egyapa Mercer
Mercer

Lawyer Andrew Egyapa Mercer, the Member of Parliament for Sekondi constituency, has urged Ghanaians to support the government’s e-levy policy pending Parliamentary approval.
The e-levy is to be rolled out next month ensuring that Ghanaians are taxed on their electronic transactions.
A 1.75 percent charge is to be deducted on every 100 cedi MoMo transaction made and also on all bank transfers.

The e-levy has been met with strong opposition from the Minority in Parliament as they have vehemently kicked against its implementation.
However, the NPP Majority in Parliament is in support of it and is bent on implementing the policy in February as was announced by the Minister for Finance, Ken Ofori-Atta last year during his presentation of the 2022 Budget and Economic Policy before the Legislative House.

Commenting on the e-levy during a panel discussion on Peace FM’s ”Kokrokoo”, Lawyer Egyapa Mercer beleived it’s the way to go for Ghana’s development.
He was optimistic the e-levy will be used to fix the country’s developmental challenges like bad roads, inadequate infranstructure and hospitals among others, hence encouraging all Ghanaians to embrace this initiative.

He shot down arguments that the 1.75% should be reduced stressing ”1.75 is 1 cedi 75 pesewas on a 100 cedis. It’s 17 cedis 50 pesewas on a 1000 cedis. It’s the lowest tax rate ever”.

 

 

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