General News

81.6% of Ghanaians want E-Levy cancelled – Survey

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.

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.

READ MORE: Irate NPP youth vandalise party properties in Yendi over polling station executives elections

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.

KASTLE90.3FM – tune in or log on to broadcasts online
Follow us on Twitter: @kastle903fm
#kastlef90.3fm, Cape Coast
#…Blending tradition with style

Source: myjoyonline.com

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published.

Close