On November 17th 2021, Ken Offori Atta, the finance minister announced during the presentation of the 2022 budget statement and economic policy of the government to the parliament of Ghana of government’s intention of taxing electronic transactions (E-Levy).
Since then, many Ghanaians have complained bitterly about the government’s proposal and this has compelled Mr Onipayede Osom Teye, a declined Independent Presidential Aspirant in 2020 to add his voice.
Speaking to the press, Onipayede stated that, the government should rather pay royalties to individuals and production companies to help boost productivity in Ghana instead of thinking to charge electronic transactions.
He further explained that if royalties are paid to companies, inventors and individuals who are on the production field to produce more, it will help the country to export many products which will earn the country more foreign exchange rather than taxing citizens to boost the economy.
“All our finance ministers have been depending on loans, foreign aids and grants to stabilise the economy. Instead of the country rather investing in production companies and individuals, the government is rather thinking of imposing huge taxes, which is not the solution to the country’s hardship.” Onipayede stated.
“It will be harsh and wickedness on behalf of Parliament to pass the E-Levy to be imposed on the ordinary Ghanaian” he added.
Source: mybrytnewroom.com/Kwabena Nyarko Abronoma
