Economist Stephen Adei has warned that development in Ghana risks grinding to a halt if taxes are not doubled in two yearsâ€™ time.
Speaking to Accra100.5FMâ€™s morning show about a raft of economic issues including the recently-passed e-levy, Prof Adei said: â€œWe must accept e-levy. Itâ€™s a low-hanging fruit. We must accept the e-levyâ€.
He warned: â€œIf we donâ€™t, weâ€™ll still pay for it in another wayâ€, adding: â€œWe must tax electronic transactionsâ€.
The 1.5 per cent levy is meant to affect some electronic transactions including mobile money transfers although with some pro-poor exemptions.
â€œFor the poor, even if you transfer GHS100 thirty times, you will not pay e-levyâ€, he said.
In his view, â€œanybody who is able to transfer GHS3,000 in a month is not poor in Ghana because the average graduate pay is GHS1,500â€.
â€œSo, the e-levy will not affect a lot of peopleâ€, he added.
The former Chairman of the National Development Planning Commission also observed that no one likes taxes but â€œGhanaians must know that if we donâ€™t double all our taxes in the next two years or so, we canâ€™t developâ€.
â€œE-levy is less than 5% of the budgetâ€, he pointed out.
He also dispelled claims that is a â€œlazy manâ€™s way of raising revenueâ€.
â€œE-levy will make real impact in the futureâ€, he added.