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- Ghana’s parliament approved a tax on electronic transactions, which has been contested by a number of stakeholders. The E-levy bill will mandate the government to charge 1.5 per cent taxation on electronic money transfers.
Ghana’s parliament approved a tax on electronic transactions, which has been contested by a number of stakeholders. The E-levy bill will mandate the government to charge 1.5 per cent taxation on electronic money transfers.
According to government sources, the e-levy will help raise over US$900 million and address the problems of unemployment and high public debt. President Nana Akufo-Addo’s government has strongly defended the bill and considered it as a game changer. But there are people in various sections of industry and public, who consider the tax would cast additional burden on the people. They feel that it would cast a burden on the people particularly at a time the country is experiencing difficulties on account of the ongoing Russian-Ukraine war.
Members of the opposition have criticised the introduction of tax on e-transactions and stayed away from voting. They feel that the tax is unfair and may affect people using digital platforms to transact their business.
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