IMANI Africa President Franklin Cudjoe has highlighted the positive impact of tax relief on electronic transactions, suggesting that adjustments to the e-levy could provide much-needed financial relief, particularly for small business owners and low-income earners.
“If we are providing relief for taxes like e-levy… substantially, you’re putting some money back into people’s hands, more or less disposable income,” he stated on TV3, underscoring the importance of reducing financial burdens on citizens.
According to him, the e-levy has long been a point of concern for many Ghanaians, especially women who rely on mobile money transactions for small-scale businesses.
He argued that a reduction or removal of such levies would allow entrepreneurs to retain more money for investment.
“If those women who probably require maybe 100 cedis to start a little business or 200 cedis to start a little business… it would have seen some appreciable increase in some of the savings because they don’t have to now expend so much whenever they transfer money,” he explained.
Cudjoe, however, maintained that while tax relief is beneficial, the budget must go beyond minor financial adjustments to address broader economic struggles.
“Where we are right now, the challenges we’ve been through, the difficulties we’ve been through, I’ll be more interested in seeing the budget that addresses the larger problems of people. I mean, the needs of people. I don’t know, probably even their wants.”
He questioned the effectiveness of a budget that does not provide tangible improvements in key areas such as healthcare, education, and poverty alleviation.
“What is the essence of the budget if it is not going to affect positively people’s livelihoods—from healthcare to education to hardcore poverty?” he asked.
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