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Business News of Wednesday, 5 March 2025

    

Source: www.ghanawebbers.com

Professor Stephen Adei opposes move to scrap E-levy

Professor Stephen Adei play videoProfessor Stephen Adei

Economist Professor Stephen Adei has urged that the E-levy should be maintained rather than scrapped, emphasizing that a rationalisation of taxes is preferable to their removal.

Speaking on TV3's Agenda show on March 4, he declared, "It is wrong to remove E-Levy," and proposed increasing the Betting Tax from 10% to 50% to discourage what he sees as a disastrous habit.

Adei’s views contrast with President-elect John Dramani Mahama’s campaign promise to eliminate several taxes, including the E-levy, COVID levy, Betting Tax, emissions levy, and import duties.

In a prior interview, a former GIMPA Rector endorsed higher "sin taxes" and called for a comprehensive tax review to streamline Ghana's complex tax system, highlighting the narrow tax base and excessive number of levies on imports.