The Finance Minister Ken Ofori-Atta says it is unlikely that government will be able to achieve the GHC 6.9 billion target set for the Electronic Transfer Levy (E-levy).
According to him the many delays and hurdles experienced in parliament before the E-levy bill was passed will affect the ability of the Ghana Revenue Authority (GRA) to meet the target.
President Nana Akufo-Addo, yesterday signed into law the E-Levy, paving the way for the collection of the levy, which the Finance Minister says will commence in May this year.
Responding to a question by Citi Business News, Mr. Ofori-Atta blamed the opposition in parliament for the delay in the passage of the E-Levy.
“How is it possible to achieve the GHC 6.9 billion target when the opposition has stopped you for 4 months. It’s likely we will not get all the GHC 6.9 billion.”
“But depending on the efficiency of the system it is possible, because when you calculate these things you make some marginal provisions to cater for any pluses or minuses. So we’ll endeavor to get there,” he added.