Dr. Mahamudu Bawumia has declared the contentious mobile transaction tax, or “e-levy,” will be eliminated in his first budget proposal to Parliament by March 2025.
He also announced plans to enact significant tax reforms, such as a flat tax rate and tax amnesty, within the first three months of his administration during a Sunday media interaction in Accra.
Dr. Bawumia stressed the necessity of fostering business growth in his explanation of the urgency of eliminating the e-levy and enacting tax changes, which he sees as essential to the creation of jobs and economic transformation.
He emphasized that a key component of his plan to propel Ghana’s economy and expand youth employment prospects will be digitalization.
Dr. Bawumia emphasized the significance of fostering a business-friendly climate as a way to provide employment opportunities for the youth of the nation.
He promised that making audacious decisions early on that would have a major influence on job creation would be one of his administration’s top goals.
He said:
“The e-levy will have to go by March as we present our first budget, given our focus on digitalization as we take off,” Dr. Bawumia stated.
“The new tax reforms—the flat rate regime and the tax amnesty—will also be introduced immediately, as we are committed to supporting businesses to grow.”
Read Also: Mahama Promises To Ban Government Officials From Public Scholarships
