The 1.75 percent electronic transactions tax, which includes mobile money payments, bank transfers, merchant payments, and inward remittances, has been described by Joe Jackson as “a quinine tonic that must be consumed at any costs because the government is currently bankrupt.”
If passed by Parliament, the planned E-levy will take effect on February 1, 2022.
The tax has elicited diverse reactions, with some Ghanaians railing against it, claiming that it will just add to their financial burden.
The minority in parliament has stated that it will oppose the proposal’s ratification.
According to Joe Jackson, the government’s stance in implementing the contentious E-Levy is because the country is broke, and that E-Levy is a bitter pill that every Ghanaian must take to rescue the economy.
“When some of us warned them the country was broke, they called us names,” Jackson remarked on Accra FM.
Some even went so far as to label some of us as “country destroyers.”
“Last year, 50 percent of the monies received by Ghana in the form of taxes, gifts, and other sources were used to service interest on loans,” he continued.
Source: GhanaWish.com
