E-Levy: Development Economist proposes ‘better’ alternative to govt’s 1 . 75%

Growth Economist and Director from the West African Centre regarding Sustainable Rural Transformation (WAC-SRT) at the University for Advancement Studies, Tamale, Dr . Erina Ayamga-Adongo has proposed exactly what he describes as a “better” way of imposing the a lot controversial E-Levy by the Authorities, maintaining that the E-Levy in the current form is undesirable. According to him, imposing a set daily rate of 1 Cedi for transactions exceeding hundred Cedis is a better method for Government to benefit from the increase in electronic money transfers( Mobile Money). He solved that the daily payment associated with just a Cedi to the Authorities while with current fees by the service providers is a much better alternative to the 1 75% charge on transactions more than 100 Cedis daily. AN EASIER WAY TO IMPOSE E-LEVY
I have been inundated along with messages urging me to provide suggestions instead of criticizing the particular so-called smart E-Tax. Since i have am not just a noise-making serial caller or commentator, I am going to take the challenge. My advice is designed for government to go for a everyday flat rate with a tolerance. For example , if you send lower than GHS 100, it should be free of charge. Beyond GHS 100, a person pay a flat rate associated with 1GHS. Once you pay the particular 1GHS, you can continue delivering money as long as it is inside 24 hours. In my opinion, the 1% charge by Telcos to get momo transfers is untenable. The profits from mobile cash charges appear to divert the interest of TELCOS from enhancing voice and data networks. As a result, we all continue to experience severe damage of networks and online connectivity even in cities.
I propose that the same GHS 1 daily flat price should apply. In short, a person pay GHS 2 within charges for mobile exchanges beyond GHS 100. GHS1 for government, GHS1 for your service provider. A BETTER WAY TO ENFORCE E-LEVY
I have already been inundated with messages recommending me to offer suggestions rather than criticizing the so-called clever E-Tax. Since I am not only a noise-making serial caller or even commentator, I will take the problem. My advice is for government to look for a daily flat price with a threshold. For example , in case you send less than GHS hundred, it should be free. Beyond GHS 100, you pay a set rate of 1GHS. When you pay the 1GHS, you are able to continue sending money provided that it is within 24 hours. “I have been inundated with text messages urging me to offer recommendations instead of criticizing the alleged smart E-Tax. Since I feel not just a noise-making serial unknown caller or commentator, I will take those challenge. My advice is for govt to go for a daily smooth rate with a threshold. For instance , if you send less than GHS 100, it should be free. Over and above GHS 100, you spend a flat rate of 1GHS. Once you pay the 1GHS, you can continue sending cash as long as it is within twenty four hours, ” he proposed. “In my opinion, ” he carried on, ” the 1% cost by Telcos for momo transfers is untenable. The earnings from mobile money costs appear to divert the attention associated with TELCOS from improving voice-data networks. As a result, we continue to keep experience severe deterioration associated with networks and connectivity during cities. ”Government in the 2022 Budget has proposed the Levy on electronic dealings, including Mobile money exchanges, bank transfers and back to the inside remittances. But many have kicked against the move, arguing it will discourage Government’s digitalization drive. I propose that the exact same GHS 1 daily level rate should apply. In other words, you pay GHS two in charges for cellular transfers beyond GHS hundred. GHS1 for government, GHS1 for the service provider. Source: MyNewsGh. com/2021
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