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E-levy projection revised to GHS4.5 billion by the government

The annual projection for the soon-to-be-implemented e-levy has been revised downwards to GHS4.5 billion.

The negative estimate is attributable to Ghanaians’ fear of the charge, according to the Ghana Revenue Authority (GRA).
Commissioner-General of GRA, Reverend Dr Ammisshaddai Owusu-Amoah, stated in an interview with the Daily Graphic that the drop to 1.5 percent is also a contributing factor.

According to Dr. Owusu-Amoah, an internal GRA assessment found that electronic transactions will decelerate in the early days of the levy’s adoption before catching up.

He was, however, hopeful that, as individuals were accustomed to the fee, transactions would stabilize in the medium run.

He said that the government’s different exemptions boosted the use of electronic transactions, and he urged the people to consider the ease that digital transactions bring.

He also urged the public to see the fee as one of their small contributions to the nation’s development.

John Kumah, the Deputy Minister of Finance, has allayed Ghanaians’ anxieties about the levy’s impact on electronic transactions ahead of its introduction on May 1.

He stated that any money paid to churches or mosques will be exempt from the levy.

The Minister advised Ghanaians to disregard rumours concerning the tax.
“There will be no e-levy costs on any sum sent to churches or mosques.”

He said, “Rumors that churches would be charged with an e-levy are sheer misinformation.”

In a previous interview, Sam George, the NDC MP for Ningo Prampram, warned that the charge would harm tithes.

Only when the statute is removed, he claims, can such religious donations be omitted.

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