{"id":283688,"date":"2025-11-15T01:12:09","date_gmt":"2025-11-15T01:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/283688\/"},"modified":"2025-11-15T01:12:09","modified_gmt":"2025-11-15T01:12:09","slug":"stop-misleading-ghanaians-removal-of-e-levy-weakened-revenue-generation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/283688\/","title":{"rendered":"Stop misleading Ghanaians; removal of E-Levy weakened revenue generation"},"content":{"rendered":"

\"Frank <\/a>Frank Bannor (L) has refuted Ato Forson’s (R) claims<\/p>\n

Development economist and a Senior Research Fellow at the Institute of Economic Research and Public Policy, Dr Frank Bannor, has refuted claims by the Finance Minister, Dr <\/a>Cassiel Ato Forson<\/a>, to the effect that the removal of the electronic levy, popularly called E-levy, did not weaken revenue mobilization. <\/p>\n

Expressing his views on the remark made by the Finance Minister, the GIMPA economist said that claim is not supported by the facts on the ground. <\/p>\n

Government to settle all contractor arrears in four years – Ato Forson<\/a><\/p>\n

According to him, though the E-levy was scrapped, several other taxes were introduced to fill in the vacuum created by the removal of the electronic levy.<\/p>\n

\u201cThis is factually misleading because the NDC government after abolishing E-levy, increased the Growth and Sustainability Levy from 1 percent to 3 percent on the gross production of mining companies,\u201d he wrote on Facebook.<\/p>\n

\u201cAt the same time, the NDC has introduced 1ghc levy on every litre of fuel purchased under the Energy Sector Amendment Act 1141,\u201d he added. <\/p>\n

\u201cIn addition, GRA announced a 15% VAT on non-life insurance premiums which was effective July 2025! All these are meant to fill the fiscal loophole created by the abolishment of the E-levy!\u201d<\/p>\n

FULL TEXT: 2026 Budget Statement presented in Parliament by Minister of Finance<\/a><\/p>\n

Reading the 2026 Budget and Economic Statement of the President, Finance Minister, Dr <\/a>Cassiel Ato Forson<\/a> stated that government\u2019s decision to abolish E-levy has yielded dividends because it did not lead to a weakening of revenue mobilization, a position Dr Frank Bannor has disputed with facts.<\/p>\n","protected":false},"excerpt":{"rendered":"Frank Bannor (L) has refuted Ato Forson’s (R) claims Development economist and a Senior Research Fellow at the…\n","protected":false},"author":2,"featured_media":283689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-283688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/283688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=283688"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/283688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/283689"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=283688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=283688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=283688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}