Government is justifying its decision to introduce the E-Levy in the 2022 budget statement.

According to Finance Minister, Ken Ofori-Atta, the new tax is the best way to build a young entrepreneurial nation.

He spoke to JoyNews after interacting with exhibitors on November 21 at the ongoing Volta Fair at the Ho Sports Stadium.

A section of Ghanaians have raised concerns about the levy, pointing out its propensity to erode gains made in the country's digitization agenda.

Mr Ofori-Atta explained that government recognises the challenges of youth unemployment.

"We know that it takes the invisible hand of the state to pick people up. And so this is a historic 10 billion intervention that we have had and finding ways for burden-sharing. So we recognise the problems of youth unemployment, the problem of roads, the problem of debt and we as a nation have decided to burden-share," he said.

He added that events like the Volta Fair provide the platform for young people to participate in the new paradigm shift to job creation.

Government is projecting to get about ¢6.9 billion from the proposed tax by end of 2022.