In the event that he is elected President of Ghana, Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party and a double, has declared unequivocally that he will do away with the so-called e-levy tax on electronic financial transactions.
Vice President Bawumia stated that he was against taxes on electronic financial transactions prior to the contentious tax’s 2022 adoption.
In his first significant speech to the public as an NPP flagbearer, Dr. Bawumia made it clear that he opposed taxes on electronic financial transactions and that, if elected president, he would do away with the e-levy.
Dr. Bawumia continued, saying that the elimination of the e-levy will greatly strengthen his campaign for a digital and cashless Ghana.
But in order to transition to a cashless economy, we must urge people to embrace electronic payment methods. Under my government, there won’t be any taxes on digital payments in order to achieve this. Thus, the e-levy will be eliminated,” he said.
Dr. Bawumia also said that, if his government’s proposed 15% VAT on power rates is implemented by January 2025, he will eliminate the emission tax, the betting tax, and the tax on wagers as part of the new tax system.
In addition, he said that his administration would establish a flat, friendly tax system for Ghana, which he claimed would benefit both individuals and companies, especially small and medium-sized ones (SME’s).
