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E-Levy reduced to 1% – Ofori-Atta

The government has indicated a further reduction in the headline rate of the controversial Electronic Transfer Levy to 1 percent from the current 1.5 percent. The review of the act is to drive aggressive mobilisation of domestic revenue.

Finance Minister, Ken Ofori-Atta disclosed while presenting the 2023 budget statement in parliament on Thursday. The review forms part of a “seven-point agenda aimed at restoring macroeconomic stability and accelerating our economic transformation.”

Meanwhile, the daily threshold would be reviewed as well, the minister stated. The headline rate of the E-Levy has seen several reviews from the original 1.75 percent rate to the 1.5 percent further reduction amid protests.

 

Source: Ghana/Starrfm.com.gh/103.5 Fm

 

Benjamin Mensah
Benjamin Mensahhttps://freshhope1.org
Benjamin Mensah [Freshhope] is a young man, very passionate about the youth of this Generation. Very friendly, reliable and very passionate about the things of God and all that I do. The mission is to inform, educate and entertain. Feel free to send your whatsapp messages to +233266550849 and call on +233242645676
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