We’ll scrap betting tax and E-Levy in First budget – Dr Ato Forson

Ghana’s nominated Finance Minister, Dr. Cassiel Ato Forson, has made some bold promises to eliminate two of the country’s most contentious taxes: the betting tax and the electronic transactions tax (E-Tax). During his confirmation hearing, Dr. Forson expressed his commitment to removing these taxes, citing their detrimental impact on Ghana’s economic growth.

Dr. Forson has pledged to abolish the betting tax in his first budget, stating that the burden of this tax must be lifted. This move has sparked hope among young people and stakeholders in the gaming industry, who have long argued that the tax undermines their livelihoods.

Additionally, Dr. Forson has reiterated his opposition to the E-Tax, calling it a significant barrier to a cashless economy and a hindrance to the growth of Ghana’s fintech sector.

He has pledged to abolish the E-Tax within 120 days of parliamentary approval, aligning with the National Democratic Congress’s agenda for economic relief.

Dr. Forson’s proposals have ignited widespread debate about the fairness and effectiveness of Ghana’s tax policies. Many Ghanaians view his pledges as a potential path toward economic relief, particularly for individuals and businesses struggling under these taxes.

As the confirmation process moves forward, all eyes are on Dr. Ato Forson and his ambitious plans to reshape Ghana’s financial landscape.

Source: mymctvonline.com || Elvis Agyenim Boateng