The Finance Minister Ken Ofori-Atta has announced a proposal in the 2023 budget statement to reduce the e-levy rate from 1.5 per cent to 1 percent.
The reduction follows agitation by stakeholders in the industry for the rate to be reduced.
Ofori-Atta also announced a proposal to “increase the VAT rate by 2.5 percent to directly support our roads and digitalization agenda; Fast-track the implementation of the Unified Property Rate Platform programme in 2023; and Review the E-Levy Act and more specifically, reduce the headline rate from 1.5% to one percent (1%) of the transaction value as well as the removal of the daily threshold.”
He said these when he presented the 2023 budget statement in Parliament on Thursday November 24.
Mr Ofori-Atta further assured Parliament and Ghanaians in general that every dime that is collected in the form of taxes will be spent well by the government.
He said: “There will be fiscal discipline, every pesewa will be spent well.”