Deputy Minister for finance, Dr.John Ampotuah Kumah said the introduction of the E-levy in the 2022 budget is expected to generate 6.9 billion Ghana cedis, as it replaces the road toll which generates 78 million Ghana cedis annually.
According to him the much talked about killer momo, E-Levy is not going to cover everyone and if you send up to 100 Ghana cedis a day you are not covered as well as those withdrawing and receiving momo onto your bank account.
“The E-Levy would not be captured by this transaction if it is 100 Ghana cedis, it is very important that this is explained to Ghanaians, no matter the amount you send your first hundred (100) Ghana would be exempted from the E-Levy”.
Dr. John Kumah further explained that the media needs to take their time to explain the E-Levy policy to Ghanaians for the ordinary person to understand, as the Ministry had carried out a research before introducing the E-Levy and the findings indicates that about ten thousand Ghanaians they spoke to revealed that.
“Forty percent of momo users do not send more than one hundred Ghana cedis a day, it is very important to capture this information for Ghanaians to understand”.
In his introduction remarks to members of the Parliamentary Press Corps (PPC) at a zoom meeting organised by the Finance Ministry to educate journalists on 2022 economic policy statement of government, he further pointed out that workers at the various toll both would receive their allowance and would be re-assigned by the Ghana Highways Authority.
On the issue of the foreign trucks that come to Ghana, he revealed that they would go through their normal weighing to pay their fees and charges and they are not exempted from such obligation.
As to what Ghanaians stand to benefit from the E-Levy, he explained that road contractors would be paid on time when they submit their IPCs which usually takes a long time to pay and this time when they submit their certificate.