I’m ready to pay E-levy for the betterment of this country — Allotey Jacobs

Social commentator, Bernard Allotey Jacobs says he’s ready to pay the Electronic transaction Levy (E-levy) if implemented.

Speaking in an interview with Kwame
Sefa Kayi on Accra-based Peace FM, he said for the betterment and welfare of Ghana, he and his family will embrace the e-levy if passed.

However, a lot of Ghanaians have kicked against the implementation of the controversial e-levy with the claim that they do not benefit from the taxes they pay.

The e-levy, according to the Finance Minister, is to ensure all Ghanaians who engage in electronic transactions pay tax which is geared towards improving their living conditions.

The Minister, presenting the 2022 budget before Parliament, said; “After considerable deliberations, Government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector. This shall be known as the “Electronic Transaction Levy or E-Levy”

“Electronic transactions covering mobile money payments, bank transfers, merchant payments and inward remittances will be charged at an applicable rate of 1.75%, which shall be borne by the sender except inward remittances, which will be borne by the recipient. Mr. Speaker, to safeguard efforts being made to enhance financial inclusion and protect the vulnerable, all transactions that add up to GH¢100 or less per day (which is approximately GH¢3000 per month) will be exempt from this levy.”