Many Ghanaians have expressed excitement about the cancellation of road tolls which takes effect on Thursday, November 18.
This follows the 2022 Budget statement which was presented to parliament by the Finance Minister, Ken Ofori Atta, on Wednesday, November 17.
The government abolished all road tolls and replaced them with a 1.75% electronic transaction levy.
According to the Minister, “after considerable deliberations, the government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector. This shall be known as the ‘Electronic Transaction Levy or E-Levy’,” he said.
“Electronic transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances will be charged at an applicable rate of 1.75%, which shall be borne by the sender except for inward remittances, which will be borne by the recipient”.
The announcement generated a buzz on social media with discussions about the tolls among the trending topics.
Whiles the majority welcomed the decision, others questioned the E-Levy introduction.
Below are some reactions:
— Nungua Cardi B Ba🇬🇭🇵🇷 (@Bobby8134) November 17, 2021
The CEO of Vodafone Ghana, Eng Patricia Obo-Nai has positioned Vodafone Cash to be the most used momo platform with the introduction of the E-Levy/E-Tax. The VodaCash is already zero rated what will apply is the 1.75% for transactions above 100Cedis #Budget2022
— N.B.A (@Boakyewaa_N) November 17, 2021