GHC44 million spent by the beauty industry in online transactions – Ursula on why E-levy is necessary

MoMo Tax
Ursula Owusu

Ursula Owusu Ekuful, Minister of Communication and Digitization, claimed the E-levy will not be double taxation.

She said that the fashion and beauty business spent about Ghc44million on electronic platforms, denying the Ghana Revenue Authority (GRA) a tax component.

“Businesses have moved online, beyond of the reach of the GRA, denying the government much-needed money. The E-Levy would accomplish that. According to her, the money will help the government construct digital infrastructure and link buyers and vendors.

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The Minister said this at a town-hall meeting in Koforidua, the Eastern Regional Capital.

“Using a credit or debit card costs between two and three percent of the overall cost. Bank charges apply to all bank transfers, thus this is neither a double taxation or a tax on our capital.

In order to ease the strain on the government, funding for road building and maintenance would be improved. This kind of infrastructural improvement would also help reduce young unemployment. As would YouthStart,” said Madam Owusu Ekuful.

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The nation’s various social and developmental concerns would need more domestic income mobilization, according to the Communication Minister.

We cannot continue to borrow and beg for monies to fuel our growth if the funds are created within. To help the government achieve its goal of Ghana Beyond Aid, we must all support the E-levy and contribute to national development.

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“Our society would gain more financial inclusion and digital empowerment. In addition to addressing gender inequality, providing clean water and sanitation, the government must meet the 17 Sustainable Development Goals.

Source: TheBBCghana.Com

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