Ghana’s parliament approved a new contested tax on electronic transactions. Known as the E-levy, the bill will introduce a 1.5 per cent taxation on electronic money transfers.
President Nana Akufo-Addo’s government claims it will help raise over 900 million dollars and address the problems of unemployment and high public debt.
But for some Ghanaians, the tax represents an additional burden on top of the high cost of living with fuel prices rising following the Russian invasion of Ukraine.
Members of the opposition refused to take part in the vote and walked out of the assembly describing the tax as unfair.
Reacting to the burdensome nature of the new tax, Nana Sika Afriyie, a renowned Pan-Africanist, has suggested that weed when legalized in the county will bring more revenue than E-levy.
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