Thursday, June 30, 2022
News

E-Levy is a lazy approach to raise revenue – NPP’s Kwame Pianim

Kwame Pianim

Ghanaian renowned economist and New Patriotic Party (NPP) faithful, Andrews Kwame Pianim has shared his thought on the proposed E-levy by the ruling government.

The celebrated Investment Banker, in an interview on Accra-based Asaase FM, shot down the intended electronic levy.

Kwame Pianim without mincing words said the introduction of the E-Levy in the 2022 Budget Statement is a lazy approach to mobilizing revenue.

“It is a lazy way of sitting in the air condition in Ministry of Finance and say ‘oh I want money, oh let me grab this.’ The Ministry of Finance is not a budget and expenditure ministry, it is for development, it is for finance. So you are looking at what will grow the economy not what will give you money…”

READ ALSO, COVID-19: 7.5 million Ghanaians vaccinated already – GHS

He, therefore, called on the government to rather cut down on its expenditure and find other innovative ways of raising revenue.

Recalled the Minister for Finance, Ken Ofori-Atta, announced the E-Levy, a 1.75% tax on mobile money and other electronic transactions, as a measure to “rope the informal sector into the tax net”.