GRA To Start Taxing E-levy On Merchant Sims From 1st July

After the government failed to generate enough revenue from the collection of the controversial E-levy, the Ghana Revenue Authority plans to begin charging e-levy on merchant sims from 1st July.

Beginning next month July, the GRA has decided to tax all transactions on merchant sims in order to generate enough revenue for the government.

READ ALSO: Ghanaians Don’t Like Paying Taxes – Gabby Otchere-Darko ‘Weeps’ Over E-levy Struggles

The controversial e-levy will be imposed on all merchant sims from July 1, 2022.

This is done in order to generate as much money as possible from the heavily criticized Electronic Transaction Tax, or “E-levy.”

Recently, the former Executive Director of the Danquah Institute Gabby Otchere-Darko lamented that the government is struggling to generate enough revenue from the e-levy.

This is said, the controversial e-levy is a good policy but Ghanaians don’t like paying taxes, hence the tax measure has only managed to deliver on 10% of the estimated revenue target.

He noted that Ghana could go back to International Monetary Fund (IMF) as an option if something good does happen.

READ ALSO: Ghana Police Arrest 29 ‘Arise Ghana’ Demonstrators; Organizers To Be charged In Court

The leading member of the NPP government was quick to add that “I am not for an IMF program that throws peanuts at us but imposes conditions that will end up hurting the poor, jobs and businesses more.”

“After 5 months of stalemate and bashing, the e-levy, after implementation, is delivering only 10% of estimated revenues; our revenues remain very low as compared to the rest of the world; debt levels dangerously high, cedi, like most currencies, struggling against the US dollar,”  Otchere-Darko  tweeted.