Government must be commended for reducing e-levy rate – John Kumah
A Deputy Finance Minister has said the government’s decision to reduce the e-levy rate means it is a listening government.
Dr John Kumah says the government must therefore be commended for reducing the rate from 1.5% to 1%.
According to him, per data available to him, there has been 60% increment in mobile money usage.
He was speaking on JoyNews’ Newsfile on Saturday.
But he also said some telecoms operators are still not running their systems through the common platform created for the implementation of the levy.
“E-levy we all saw the commotion around its regulatory processes in terms of making the law and the impact it had (at) its implementation.
“Of course I can say per the data I have seen that there is some 60% growth in terms of the usage of MoMo and it’s impacts of the revenue we are generating under e-levy.
“We still have challenges because not all operators channel their system through the common platform that has been created. So a lot of compliance issues (exist) but having reduced the rate to 1% means that we are a listening government.”
The government hopes reducing the Electronic Transfer Levy rate from 1.5% to 1% will allow more Ghanaians to use the service.
However, the daily transaction threshold of ¢100 has also been removed.
This was announced by the Finance Minister, Ken Ofori-Atta on Thursday, November 24, during the 2023 budget presentation.
Source: Ghana News
