OccupyGhana, a pressure organization, has stated three requirements that the government must comply with if the Electronic Transaction Levy is to be implemented properly (E-levy).
According to the group, the government's allocation of the country's finances must be transparent.
OccupyGhana also sought the implementation of an "accountability system" that would oblige the government to "at the very least, publicize the income from the E-Levy and details of its disbursement on a quarterly basis."
The group also stated that it wants to see a renewed commitment from the administration to recover any public funds that the Auditor-General has found to have been misappropriated.
According to OccupyGhana, the E-levy Bill must "come up with clear and convincing solutions to these issues since the e-levy would be useless until it is associated with these problems."
The complete application of our tax laws,
(2) a firm promise to recoup our misappropriated funds, and
(3) total monetary responsibility and openness. "
The administration suggested the contentious E-Levy in the 2022 Budget as a novel approach to raise extra cash for the government.
It plans to levy a 1.75 percent fee on all electronic transactions worth more than GH100 each day.
Despite the fact that economists and the minority in Parliament oppose it, the administration insists that the fee would broaden the revenue base.
According to the Finance Ministry, the tax scheme is expected to generate $6.9 billion every year.