E-levy will be abolished under my tenure – Bawumia

Dr Mahamudu Bawumia has revealed his stance on the controversial E-levy.

Speaking at the UPSA auditorium today February 7, Dr Bawumia noted that he will abolish the tax on electronic financial transaction, e-levy, if given the nod as President of Ghana in December 7.

He also added that that his bid for a Digital and Cashless Ghana will be significantly boosted if e-levy is abolished.

“To move towards a cashless economy, however, we have to encourage the population to use electronic channels payment. To accomplish this, there will be no taxes on digital payments under my administration. The e-levy will therefore, be abolished,” he declared.

The flagbearer also announced that the Bawumia administration will also abolish the emission tax, tax on betting as well as the proposed 15% VAT on electricity tariffs, if it is in existence by January 2025.

He said he will introduce a friendly, flat tax regime for Ghana, which will boost individuals and businesses, particularly small and medium-scale enterprises (SMEs).

“My administration will introduce a very simple, citizen and business-friendly flat tax regime. A flat tax of a percentage of income for individuals and SMEs, which constitute 98% of all businesses in Ghana, with appropriate exemption thresholds set to protect the poor,” Dr. Bawumia noted.

Ghana | Atinkainline.com | Vivian Adu


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