Business News of Tuesday, 4 June 2024
Source: www.ghanaweb.com
Prof. Kobby Mensah of the University of Ghana Business School (UGBS) has challenged Vice President Bawumia to leverage on his influence to get President Nana Addo Dankwa Akufo-Addo to scrap a controversial tax handle.
The UG lecturer was reacting to Bawumia's recent announcement that he was key in getting President Akufo-Addo to agree to specific exemptions for dialysis treatment.
Speaking to a group of clergymen on his Central Regional presidential campaign tour on June 3, Bawumia announced that through the National Health Insurance Scheme (NHIS), dialysis treatment for persons below 18 and those above 60 was free starting this month.
"If you managed to speak to the President to agree on free dialysis whilst you are still a Veep, then you can also speak to him to agree on the Tax cuts you mentioned you would when you come to power. Pls convince the President to agree to abolishing E-levy," Prof Mensah posted on X.
According to the Ghana Revenue Authority (GRA), the E-Levy is a Levy on all electronic transfers of money apart from those excluded by law. The rate is pegged at 1%.
Government decided to levy electronic transfers, among others to enhance domestic tax mobilisation and expand the tax base and to provide an opportunity for everyone to contribute towards national development.
The levy was controversially passed and has since failed to achieve the revenue target set for it.
If you managed to speak to the President to agree on free dialysis whilst you are still a Veep, then you can also speak to him to agree on the Tax cuts you mentioned you would when you come to power. Pls convince the President to agree to abolishing E-levy 🤷♀️ https://t.co/aEcPcqoa5s
— Prof. Kobby Mensah (@thePOE_T) June 3, 2024