In a bold move, Finance Minister-designate, Dr. Cassiel Ato Forson, has pledged to remove both the E-Levy and the betting tax in the government’s first budget, should he be approved.
This decision is driven by his conviction that both taxes hinder economic progress in Ghana.
Ato Forson argued that the E-Levy discourages digital transactions and obstructs the country’s move towards a cashless economy.
He also emphasized that the betting tax generates minimal revenue, making it an unnecessary burden on the economy.
The Finance Minister-designate reiterated his long-standing position against the E-Levy, stating that it is neither a direct tax, an indirect tax, nor an excise tax. He expressed his determination to abolish the betting tax in his first budget, citing its failure to generate significant revenue.
“I have said that given the opportunity, I will abolish the e-levy. I want to restate that position that if approved, as part of the first budget, I will announce that we will abolish the levy as part of our first budget,” Ato Forson stated.
This move is in line with President John Dramani Mahama’s 120-day agenda, which includes abolishing the E-Levy.
Source: OccupyGh.com
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