Economist at the University of Ghana Business School (UGBS), Dr. Patrick Asuming, says the Vice President’s continuous silence on the Electronic Transaction levy (E-levy) suggests he is against the imposition of the tax.
According to Dr. Asuming, he was among the many Ghanaians hoping to hear Dr. Mahamudu Bawumia’s take on the levy since he opposed the taxation of electronic transaction some years ago.
Speaking on JoyNews’ AM Show on Friday, he said: “Yesterday, one of the things I was hoping he will comment on was the E-levy. I think his silence on that matter is quite revealing in itself. I guess he isn't supportive of it.
"When he talked in the past about not taxing MoMo, he made the point that most of the economists have been making about the E-levy and the fact that this isn't a good tax to impose.”
The Vice President on Thursday delivered his take on the current state of the economy at the TESCON Training and Orientation Conference.
In his 2-hour speech, Dr Mahamudu Bawumia made mention of the levy once. The E-levy was only stated as part of government’s revenue mobilization measures.
The Vice President neither condemned its introduction nor urged Ghanaians to pay the 1.5% tax.
However, Dr. Bawumia among other things stressed on transforming the economy through digitalization.
“The digital payments infrastructure is boosting e-commerce in Ghana. Businesses are booming over Instagram, Facebook, Twitter, etc. Many people who cannot afford to rent or build shops are able to do business on the internet at little cost with deliveries helped by digital address and payments using mobile money interoperability," he said.
Interacting with Benjamin Akakpo, Dr. Asuming noted that digitization is the way to go in generating revenue for the country.
“That (will make) sure that we are connecting our systems and that whatever business we are doing, you are captured someway somehow. And if you are not paying your dues, you are made to,” he said.
Latest Stories
-
We’ve not appointed NPP members as returning officers – EC replies Mahama
2 mins -
We’ll not honour any invitation – ECG tells Ashanti Regional Minister
27 mins -
Dumsor vigil to hit Accra
32 mins -
Supreme Court rule for dual citizens to hold other key positions laudable – Kwaku Asare
47 mins -
‘No one is above the law’ – CAF president on match-fixing allegations against Samuel Eto’o
56 mins -
Manchester City thrash Brighton to go second in table
1 hour -
NDC’s running-mate speech proves readiness to lead – Asah-Asante
2 hours -
Further win for nibima as another KNUST study supports medicinal prowess
2 hours -
World Bank’s food price index eases; maize, wheat prices hit 3-year low
3 hours -
2020 polls all about pulling Ghana back from precipice of destruction, corruption – Naana Jane
3 hours -
Guru expresses interest in contesting SRC election at UG
3 hours -
Oil prices projected to average $84 in 2024 – World Bank
3 hours -
Meet 2 Ghanaian entrepreneurs on a mission to connect 1m African professionals to global companies by 2034
4 hours -
NCA approves Starlink’s satellite broadband application
4 hours -
Government orders FGR to revamp mining operations; assures workers of commitment to their welfare
4 hours