An overwhelming number of Ghanaians (81.6%) want the Electronic Transaction Levy (E-Levy) to be cancelled and never be introduced, a survey by the Center for Economics Finance and Inequality Studies has revealed.
However, 36.4% did not have any knowledge about the E-Levy.
The research was carried out by Dr Benjamin Amoah of the University of Ghana Business School and Professor
However, a small population of 4.9% were of the view that it should be passed after the year 2022.
Also, 1,679 of the respondents, out of the 2,650 were aware of the E-Levy. This implies that much education needs to be done to increase public knowledge and understanding of the E-Levy.
64.6% of Ghanaians believe Ghana needs more money
The survey also assessed the nation’s fiscal position concerns.
It came out that 64.6% of Ghanaians were categorical that Ghana needs more money.
Those who held a contrary view made up of 25.9%, with the position that there is no need to increase government revenue.
91.8% of Ghanaians worried about Ghana’s rising debt
On the country’s rising debt, it came out that 91.8% of the respondents are concerned about the country’s increasing debt.
54.3% Ghanaians want cut in government expenditure
With regard to substitutes for the E-Ley, about 54.3% of the respondents want a cut in unproductive government expenditure.
A further 37.7% also want managers of the economy to block corrupt channels that are leakages in the revenue bucket.
The other sources of revenue preferable to the E-Levy include enforcement of property rates with a score of 3.9%.
Anthony Amoah of the University of Environment and Sustainable Development.
The report relied on Google Online Forms as a key instrument for data collection. All respondents were automatically restricted to only one entry.
Furthermore, 13.5% of the respondents held the view that the E-Levy should be passed into law and implemented.
Tax on treasury investment income is preferred by 1.1% of the respondents.
46% Ghanaians prefer zero rate for E-Levy
When asked, what rate will the respondents be willing to pay assuming the E-Levy is passed, it came out that 46% prefer a zero rate.
The non-zero rate, however, constituted 54%.
For the non-zeros, those who prefer a levy of 1.7% are 0.2% of the sample.
21.1% will however support a 0.50% levy.
A further 10.4% prefer a 1% levy per transaction.
The study further revealed that 10% will prefer 5 per month on all transactions above 100.
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