"NDC gov’t will repeal E-levy Act in 2025 — Mahama assures Ghanaians"

John Mahama has promised Ghanaians that if the National Democratic Congress (NDC) is elected to power in 2025, the E-levy Act will be repealed. 

The E-levy, he claims, is simply a distortive and oppressive tax that forces Ghanaians to pay more while suffering. 

"Unfortunately, in the face of this self-inflicted economic catastrophe, this administration has chosen to implement the E-Levy, which would cause greater anguish to Ghanaians," Mahama said. 

"A new national democratic congress government, God willing, would abolish the E-Levy act in 2025 with the votes of the sovereign people of Ghana," he declared on Monday, May 2, 2022, when addressing Ghanaians on the theme "Ghana At A Crossroads." 

"The Akufo-Addo government has been wasteful even as it remains intent on taxing its way out of economic mismanagement. They have demonstrated a lack of fiscal restraint in public financial management. 

"The people of Ghana cannot be forced to pay more taxes simply to allow money that belongs to them to be dubiously and wastefully split among family and friends through different fraudulent procurement techniques," he continued. 

Following the implementation of the Electronic Transaction Levy (E-levy) on Sunday, May 1, 2022, the value of mobile money transactions has decreased by 50%. 

There were significant withdrawals around the country on Saturday, April 30, 2022, before the E-levy began. 

A 1.5 percent fee will be applied to all electronic transactions over GH100.

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