Finance Minister-designate, Dr. Cassiel Ato Forson, has pledged to remove both the E-Levy and betting tax in the government’s first budget, should he be approved, adding that both taxes hinder economic progress.
He further explained that the E-Levy discourages digital transactions and discourages the country’s move towards a cashless economy, while the betting tax generates minimal 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. Recognising the commitment H.E. John Dramani Mahama said that as part of his 120-day agenda, we will abolish the e-levy and we stand by that.”
Ato Forson also added that he acknowledges the revenue that these taxes bring in, however, it is still a major factor that retards the growth of the economy.
