If You Spend GH¢100 At The ‘Chop Bar’, You Are Not Poor – NPP MP on E-levy

If You Spend GH¢100 At The ‘Chop Bar’, You Are Not Poor – NPP MP on E-levy
Alexander Akwasi Acquah



New Patriotic Party Member of Parliament (MP) for Akyem Oda constituency is making a strong case for the passage of the 1.75% Electronic Transaction Tax, popularly known as E-levy.  Alexander Akwasi Acquah argued that the introduction of E-levy is a “homegrown” solution aimed at resuscitating


Ghana’s economy ravaged by the COVID-19 pandemic. His comment follows stiff opposition, especially from the Minority in Parliament backed by the National Democratic Congress who maintains that implementation of the E-levy will further exacerbate the plight of Ghanaians. Though



the government has reduced the rate from 1.75 to 1.5 to be charged on transactions on GH¢150 mobile money (MoMo) transaction, the Minority still insists it should be scrapped. Some experts want the government to move the transaction threshold from GH¢150 to GH¢300 to ensure the poor


majority who transact GH¢100 MoMo a day won’t be affected. Reacting to this,Mr Acquah said E-levy is sensitive to the poor. He explained that “if you are sending up to a GH¢100 a day, cumulatively you can send up to GH¢3,000 a month, that is all going to be tax-free.” However, the Akyem Oda MP stated that



“if you have more than a GH¢100 to send a day or spend it on lunch at the ‘chop bar’ then ‘you are not poor’.” Mr Acquah said the challenges with Ghana’s economy are surmountable with the introduction of E-levy. “All of us need to sacrifice to build our nation. E-levy is the solution and we must all contribute,” he added.