In Focus

E-Levy; It Is Not Going To Be Business As Usual – Ashanti Youth To Akufo-Addo,

A youth group in the Ashanti Region is demanding that the government must come clean – tell Ghanaians what percentage of the money collected through the electronic transaction tax (e-levy) is going to be used to create job openings for the young people.

The Ashanti Regional Youth Network says it is eager to see details of how the revenue raised will be disbursed.

It should not be business as usual and that anything short of transparency and accountability is not going to be accepted.

The group in a statement signed by its President, Linda Frema, in Kumasi said, “a blueprint detailing how the generated revenue will be disbursed is something that is of interest to every young person in the country, the percentage allocated for youth development and a further breakdown of programme action areas leading to the full realization of job creation and entrepreneurial development”.

The government has been touting the e-levy as a game changer.

Despite strong opposition to its implementation, the government has had its way with the approval of the levy by the majority in parliament after the minority side of the aisle staged a walkout.

The Finance Minister, Ken Ofori Atta says it is going to end the situation where public sector workers and few other people in the informal sector have continued to bear the burden of paying tax.

The e-levy, he said, represented a good opportunity to bring more people into the tax net to boost domestic revenue mobilization.

“Let me emphasize that the e-levy represents our greatest opportunity to in the medium-term widen the tax base and meet the tax to Gross Domestic Product (GDP) ratio of 20 percent as pertains among our peers.

We are determined to enhance domestic revenue mobilization, the purpose of our proposal on the e-levy is to widen the tax net and generate the required revenue to support entrepreneurship, youth employment, to build our infrastructure especially roads and reduce our debts.”

 

 

 

Source: operanewsapp

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