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E-levy Rate Must Be Reduced – Joe Jackson
Joe Jackson, the director of operations at Dalex Finance, wants the government to urgently review the Electronic Transfer Levy (E-Levy) rate.
He has proposed for a review of the rate from 1.5% to 0.75 %. The levy came into effect in May.
Appearing on The Asaase Breakfast Show on Thursday (18 August) four months into the implementation of the levy, Jackson said: “There’s avoidance of the payment of E-Levy, but momo [mobile money] usage is still on the rise.”
“Wherever it was introduced, we were sure that it never brought in the revenue needed. So, if we’re going to go by history, then let’s reduce it.
“First of all, I think we’ve got to rewind and ask what happened before E-Levy. As a country, we were not generating revenue to service our debts so that’s why the E-Levy came in,” Jackson said.
