General News

E-levy: Government hardly receives 7% of the intended amount

The Finance Ministry recently released data that revealed a sizable shortfall in revenue from the contentious electronic transfer charge.

The government has collected less than 7% of its e-levy target, according to data released in the last hour.

The e-projected levy’s revenue of 4.5 billion by the end of 2022 has been drastically lowered down from the previous estimate of 6.9 billion.

E-levy: According to recent Finance Ministry data, the government only collects 7% of its intended revenue.
Data from the Ministry’s provisional data range in the first and second quarters of 2022 indicated that it had received $92.7 million, according to Isaac Kofi Agyei, JoyNews’ data analyst.

The difference between the amount raised (93,7 million) and the original aim (6,9 billion) shows that 6.4% of the original target has been reached.

Comparing it to the updated objective, which is 4.5 billion, reveals that “it is only 6.2 percent of what the government says it has collected so far.”

E-levy: According to recent Finance Ministry data, the government only collects 7% of its intended revenue.
The month of May was projected to bring in a total of 487.4 million, when the data was broken down even further on a month-to-month basis.

According to the information given, just 39.4 million euros, or 8.08 percent of the desired amount, have been collected to yet.

And for June, we received 417.8 million, of which we have already collected 54.3 million, or barely 12.99 percent.

E-levy: New data from Finance Ministry shows government rakes in less than 7% of target

Related Articles

Leave a Reply

Check Also
Close
Back to top button
%d bloggers like this:

Adblock Detected

Please consider supporting us by disabling your ad blocker