The government of Ghana has said that Ghanaians will continue to pay the 1.5% electronic transactions despite the government running to the International Monetary Fund (IMF) for financial bailout.
Reports indicate that the Ministry of Finance has said that neither will Ghanaians stop paying the e-levy nor the percentage of levy be reduced.
The Ministry of Finance has said that the money that will be raised from the e-levy will be used to revive the economy.
The Ministry stressed that other measures could be taken in the mean time.
“Government is committed to ensuring the smooth operationalisation of all taxes including the e-levy to ensure that in addition to the IMF’s resources, government can continue to support its developmental goals on its own while ensuring that tax-to-GPD ratio increases to the peer range of 16%-18%”.
“An IMF-supported programme is likely to encourage the government to investigate the factors hindering the success of the e-levy (including by providing technical assistance if needed) and come out with strategies to improve it,”