I won’t support any plan to withdraw e-levy – Tax Expert

A Tax Expert and a lecturer at the Ghana School of Law, Dr Ali Nakyea has said he will not endorse any move to withdraw the e-levy at this stage.

He said the country has gone past the period where the policy should be withdrawn.

In his view, the rate can be reduced to anything between 0.2 and 0.5 per cent.

The controversial e-levy started on May 1, this year.

The Finance Minister Ken Ofori-Atta is reported to have hinted a possible review of the rate when he was addressing a press conference in Accra on Wednesday September 28.

Speaking on the Ghana Tonight show on TV3 Thursday September 29, Dr Nakyea said ” I will say that at this stage, I will not subscribe to a withdrawal. The issue is that it should not have been launched at at the time it was introduced in the first place. But having crossed that, are we not able to take on board the recommendations, the suggestions and then move on?

“That was something I was expecting during the mid year budget review so at that stage we could have then look at the reduction of the rate. I have proposed anything 0.2 or up to 0.5 per cent.

“The lower the rate the higher the possibility of getting the revenue you need because the impact and incident might be minimal.”

By Laud Nartey|3news.com|Ghana

READ ALSO:  Govt told to develop a long-term structure to rebalance economy