We doubt revised e-levy revenue target will be met – Sammy Gyamfi

The National Communications Officer of the National Democratic Congress(NDC), Sammy Gyamfi has cast doubt on the ability of government to meet the revised E-Transaction Levy (e-levy) revenue target.

Expected revenue from the e-levy has been revised downwards from the initial ¢6.9billion as stated in the 2022 budget statement to ¢611million in the mid year budget review.

The initial target as stated in the 2022 budget document was ¢6,963,386,254 but was readjusted in the budget review submitted to Parliament by the Finance Minister Ken Ofori-Atta on Monday July 25 to ¢611,000,000.

Regarding Value Added Tax (VAT) the expected revenue has been adjusted upwards from the initial ¢14,534,864,446 to ¢15,402,925,770.

Source: 3news