The government of the day, led by Nana Addo Dankwah Akuffo-Addo has finally passed the infamous Electronic Levy (E-levy).
The majority of Ghanaians, including the minority in parliament rallied against the implementation of the E-levy. The finance minister talked about the government’s decision to tax electronic transactions during the reading of the 2022 budget last year in parliament.
For 5 months now, the debate has always been about the implementation of E-levy. Stakeholders, Economists, and other prominent people talked about the E-levy. According to them, the E-levy will collapse electronic transfer, especially MoMo transfer.
Initially, the E-levy was 1.75%. After engagements through town hall meetings, the government reduced it to 1.50%. The minority walked out of parliament before the bill was passed. The Majority in parliament manoeuvered their way to implement the bill. The following day, the president appended his signature to become law. The finance minister has stated that the tax on MoMo will start on 1st May 2022.
A Ghanaian lady has started a campaign to boycott the payment of E-levy. She has urged Ghanaians to withdraw their money from their MoMo account. A lot has supported her campaign. They believe it’s cruel on the government side to pass E-levy after the majority of Ghanaians kicked against it.