A Professor of Finance at the University of Ghana, Godfred Bokpin, has asked government to rescind its decision to implement taxes on mobile money and other electronic transactions.
Speaking on the Super Morning Show on Thursday, November 18, 2021, the Professor described the move as unproductive, adding that the tax will further marginalise the poor.
“E-levy is the wrong way to go. Government should just abolish it before they even start implementing it. It is counterproductive, it’s a lazy way of raising revenue.
“Because the existing tax handles that require work, coupled with integrity and ethical values, have failed, we are adopting this indirect way that imposes a greater cost on the poor and maginalised and the socially excluded to fill up the revenue gap,” he said.