- August 3, 2022
- Posted by: Amos Ekow Coffie
- Category: Economics
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.