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    BoG Governor confident inflation has peaked; expects rate to start declining

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    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

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    Policy rate likely to be increased to tame inflation – Databank CEO

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    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

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    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Gov’t officials to begin public sensitization on e-levy today – Ofori-Atta

byJonas Nyabor
January 20, 2022
in Business
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The Minister for Finance, Ken Ofori-Atta says government officials will from today, Thursday, January 20, 2022, begin a nationwide public sensitization on the need for the introduction of the controversial e-levy.

According to him, officials, including himself, will personally engage citizens on the many policies and programmes the government will use the revenue accrued from the levy for.

Speaking at a press conference on Wednesday, January 19, 2022, he said the government is convinced about the need for the e-levy and how it encapsulates the idea of burden-sharing for Ghana’s development.

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“Beginning Thursday, a team comprising myself, colleague ministers and other key members of government will embark on a public engagement and sensitisation campaign across the country. We intend to communicate clearly on the proposed mechanics of the e-levy, its potential benefits to the people of Ghana within the spirit of burden-sharing that must guide us in our development efforts as we move Ghana Beyond Aid,” he said.

Mr. Ofori-Atta further stressed that some preliminary public engagements show that many people are not against the e-levy but only want accountability on the use of the money.

He, therefore, emphasised that the government intends to “use the money to create jobs, grow our private sector to employ more of our youth, accelerate the digitalization agenda to bring more convenience to Ghanaians, enhance the security of our digital platforms, aggressively expand our road infrastructure agenda, reduce our dependence on debt and reduce the crowding out of the private sector to improve access to credit.”

He commended the telecommunication companies for announcing their resolve to reduce their 1% transaction charges on money transfers.

“True to the spirit of burden sharing, the Telcos have agreed to reduce their charges by 0.25% to reduce the overall net impact of the levy on subscribers. We want to take this opportunity to thank our friends in the Telecom Industry and we believe that by this measure, we can raise the requisite resources to bolster our fiscal position while keeping an eye on transaction costs and consumer welfare and reducing the impact on the average Ghanaian and keeping the resources required for our growth agenda.”

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