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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

    The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

    IMF Urges Ghana to Be Strategic in Market Intervention Efforts

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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

    The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

    IMF Urges Ghana to Be Strategic in Market Intervention Efforts

    The Nigerian film industry has once again witnessed love take center stage as popular Nollywood actress Eve Esin tied the knot with her Ghanaian partner, Suleman, in a colourful and emotional ceremony held over the weekend in Uyo, the capital city of Akwa Ibom State.

    Nollywood Star Eve Esin Marries Ghanaian Partner Suleman in Glamorous Uyo Ceremony

    NPA corruption scandal deepens — OSP uncovers new evidence, raises charges

    NPA corruption scandal deepens—OSP uncovers new evidence, raises charges

    EPA Engages Scrap Dealers on Ozone Layer Protection Efforts

    EPA Engages Scrap Dealers on Ozone Layer Protection Efforts

    Accra — It may not even be the official start of December yet, but Ghana’s festive season seems to have found its explosive kickoff. ShattaFest 2025, headlined and organized by Dancehall superstar Shatta Wale, transformed Accra’s Independence Square into a sea of energy, music, and celebration last Saturday night.

    ShattaFest 2025: Shatta Wale Sets Independence Square Ablaze With an Unforgettable Night of Music and Unity

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    Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

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    Ministry of Health to Collaborate with UCC to Train Health Specialists

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    Sia’s Estranged Husband Seeks Over $250,000 Monthly in Spousal Support, Citing Lavish Lifestyle During Marriage

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    Nigerian police fire tear gas as protesters gather over separatist leader

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    Inflation falls below 10% for first time in four years, now at 9.4%

    Inflation falls below 10% for first time in four years, now at 9.4%

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Home Featured

‘E-levy is optional; if you can’t pay, keep your money on your phone.’ – Carlos Ahenkorah

Mabel Boamah by Mabel Boamah
4 years ago
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'E-levy is optional; if you can't pay, keep your money on your phone.' - Carlos Ahenkorah
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Carlos Ahenkorah, Chairman of Parliament’s Trade and Industry Committee, has urged Ghanaians who do not want to pay the 1.75 percent e-levy not to use electronic transaction services.

Mr. Carlos Ahenkorah emphasizes that the fee is not mandatory and that those who do not like to pay are free not to utilize platforms that demand payment of the levy.

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One of the major concerns in the 2022 budget announcement has been the introduction of the e-levy.

Many Ghanaians have urged the administration to rethink such a decision. They contend that the levy is punitive.

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For example, the Minority Caucus in Parliament has said unequivocally that it would oppose the e-levy in its entirety.

It said that it would fight the tax in whatever form since it will cause greater hardship for Ghanaians.

In response to Finance Minister Ken Ofori-Atta’s recent announcement of concessions on the 2022 budget, Minority Leader Haruna Iddrisu remarked on the floor of parliament on Tuesday [December 6, 2021] that the tax would, among other things, undermine Ghana’s attempts to create a digital economy.

“It is true that we engaged. We were part of the engagement, but at that engagement, regrettably and unfortunately, on the matter of e-levy we could not have agreement and consensus.”

“We believe that the e-levy is punitive, and will undermine our quest to grow a digital economy in seeking to tax transactions.”

However, the Tema West MP supported the imposition of the charge in a Citi News interview.

According to him, paying the tax is optional, and anybody who does not like to pay should refrain from using the MoMo service.

“I have always been saying that the momo tax is a compulsory tax. You only pay when you use it, when you don’t use it, you don’t pay. If you think it is expensive, there is no other procedure for making payments that will be equal to MoMo. So what we are saying is that the tax is targeted at those who have the ability to pay not those who are receiving.”

“So if you are receiving it is okay to go and negotiate with the person who has gone to the bank to borrow money to be a MoMo agent to pay money out. Otherwise, keep the money on your phone, and you don’t owe anyone any money.”

Read Also: ‘We weren’t directed by government to reduce our fuel prices by 15p’ – GOIL

SOURCE: CITINEWS

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Recent News

A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

October 20, 2025
The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

IMF Urges Ghana to Be Strategic in Market Intervention Efforts

October 20, 2025
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