Speaking in an interview with Joy News, the former Trade and Industry Minister stated that direct taxes on individuals can be sometimes destructive. He said, the basic economic principle behoves the government to direct businesses to generate resources. Individuals’ direct taxes such as this can sometimes be very very destructive, even the business. The E-Levy has been the source of tension in Parliament since it was introduced in the 2022 budget. There are also concerns that the government may securitise proceeds from the e-levy to raise extra revenue.

Source: GhanaWeb April 04, 2022 22:23 UTC