E-levy deductions will start in May – Finance Minister

The Minister of Finance, Ken Ofori-Atta has disclosed that the national electronic levy will take effect from May.

He said though the bill has been approved by Parliament, it will take some time for it to take effect.

Speaking to the press at the State of the Nation address in Accra, Mr. Ofori-Atta said the Ghana Revenue Authority has to configure its systems for it to take full effect.

“We had some meetings with Controller and Accountant Generals Department (CAGD) and the Ghana Revenue Authority (GRA) and they have said right at the beginning of May they should be able to put their system together,” he said.

Meanwhile, President Nana Addo Dankwa Akufo-Addo has lauded the passage of the e-levy.

He said despite the apparent unpopularity of the levy, it’s the reprieve the country needs to reduce the current economic challenges.

Speaking at the 2022 State of the Nation address, Nana Addo said Ghanaians will see improvement in their lives very soon.

“Mr. Speaker, despite the protracted and sometimes acrimonious nature of proceedings, I am happy that the House has, finally, found it possible to pass the E-levy Bill. I believe the levy is going to make a significant contribution to revenue mobilisation and the management of the national economy, and I want to thank Members of the House for making this possible.”

The President added that the “road to recovery will be hard and long, Mr. Speaker, but we have started on a good footing by accepting that we are in a difficult place, and are taking the difficult decisions that will get us out. If anyone ever had any doubts about the need to be self-reliant, the point has now been forcibly drilled home to us. The pursuit of the Ghana Beyond Aid agenda is even more compelling now.”


drop your comment below 👇

Your email address will not be published. Required fields are marked *

E-levy will reduce current economic hardships – Akufo-Addo

Oscars Host Amy Schumer says she’s still ‘triggered and traumatized’ after Will Smith slapped Chris Rock