E-Levy yields GH¢93.7m in 2 months
The government mobilised GH¢93.7 million revenue from the Electronic Transfer Levy (E-Levy) in the first two months of implementation.
The amount, mobilised in May and June this year, was about 93.59 percent lower than the GH¢1.46 billion target set in this year’s budget.
Due to this, the government has revised the revenue target for the levy from the initial annual projection of GH¢6.96 billion to GH¢611 million in the Mid-Year Fiscal Policy Review released last Tuesday.
From the revenue side, data from the fiscal policy review indicated that the lower-than-targeted outcome reflected the performance of almost all the revenue lines.
“Total revenue and grants consisting of domestic revenue, tax revenue and other major revenue lines churned out lower than projected, after yieldin...
