Ken Ofori-Atta, the finance minister, has made hints that the administration will shortly revisit the Electronic Transfer Levy (E-Levy).
This occurs a few months after the divisive tax proposal was approved by a parliament with a majority support and put into effect.
Mobile money, bank transfers, and other electronic transfers were subject to a 1.5 percent fee.
The Ministry of Finance subsequently declared that the tax’s revenue was below the desired level after it was implemented.
It claimed that barely 10% of the anticipated monthly revenue of GH600 million was actually being received.
But Ken Ofori-Atta speaking at a press briefing in Accra on September 28 said the review of the E-Levy forms part of measures to help improve government’s domestic revenue mobilisation.
The Finance Minister explained that the review is also intended to ensure that the Ghanaian populace can pay the levy on electronic transactions.
“Such exercises form part of an ongoing drive to ensure we take significant steps forward in remedying long-standing challenges with domestic revenue mobilization, indiscipline, corruption and leakages,” Ken Ofori-Atta said.
“Of course, heightened tax compliance and increased tax audit exercises will continue to be complemented by policy initiatives that allow us to tap into a wider pool of taxpayers in the years ahead. Towards this therefore we are looking at areas around the E-Levy to ensure its efficient implementation,” he explained.