The government has indicated a further reduction in the headline rate of the controversial Electronic Transfer Levy to 1 percent from the current 1.5 percent.

The review of the act is to drive aggressive mobilisation of domestic revenue.

Finance Minister, Ken Ofori-Atta disclosed while presenting the 2023 budget statement in parliament on Thursday.

The review forms part of a “seven-point agenda aimed at restoring macroeconomic stability and accelerating our economic transformation.”

Meanwhile, the daily threshold would be reviewed as well, the minister stated.

The headline rate of the E-Levy has seen several reviews from the original 1.75 percent rate to the 1.5 percent further reduction amid protests.

Source: Ghana/ Fm