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No need for E-Levy; check misappropriation of public funds – GPCC to gov’t

No need for E-Levy; check misappropriation of public funds – GPCC to gov’t

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No need for E-Levy; check misappropriation of public funds – GPCC to gov’t

The Ghana Pentecostal and Charismatic Council (GPCC) has waded into the controversial Electronic transfer levy (E-levy) debate urging the government to check misappropriation and misapplication of public funds rather than pushing through the levy.

Noting that the government loses a lot of revenue through such nefarious acts as recorded in various reports of the Auditor-General, the Council said government would rake in more if it plugged the loopholes that drain the public purse.

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General Secretary of the Council, Reverend Emmanuel Teimah Barrigah who spoke to Citi News on the Council’s position said “if we lose GH¢12 billion through the misapplication, misappropriation and embezzlement of public funds and we are looking for GH¢6 billion from E-levy, why don’t we just take steps to prevent such wastages?”

“If this is not done, even monies collected through E-levy will be wasted. Without collecting the E-levy in the first place, when all loopholes are plugged, we can save a considerable amount of money to carry out the developmental projects government will like to embark on.”

The 1.75% e-levy, now pegged at 1.5%, was introduced by the government in the 2022 Budget on basic transactions related to digital payments and electronic platform transactions.

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It is to apply to electronic transactions that are more than GH¢100 on a daily basis.

Government expects the levy to provide an extra GH¢6.9 billion to execute developmental projects in 2022.

According to the budget, 16.7 percent of the yield from the levy, will be used to support road infrastructure development.

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Ten percent of the 0.25 percentage points, i.e. 1.67% of the yield from the levy, would be dedicated to improvements in public transportation, including the purchase of buses.

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