The implementation of the electronic transfer levy from Sunday, May 1, 2022, is an unfortunate event that could threaten jobs, the Greater Accra Regional Secretary of the Trades Union Congress (TUC), Freda Stephanie Frimpong has opined.
She argued that the majority of members of the TUC who work in the informal sector earn meager incomes.
Speaking to journalists on the sidelines of a clean-up exercise by the Trades Union Congress in Accra, she said “Many of our members are in the informal economy, and they earn very little. If we are going to tax such people, we should add a human face. We called for extensive consultation on that, and if it is a tax that is bringing development, it shouldn’t affect workers’ pockets. It shouldn’t make workers worse off. Workers’ incomes are low, and so if they are earning such meager income, and we are still going to tax it, then it is unfortunate.”
Meanwhile, the Ghana Revenue Authority has announced it will begin the implementation of the Levy in phases from Sunday, May 1, 2022.
“Following Ghana Revenue Authority’s assessment of the general readiness of some Charging Entities to integrate with the E-levy Management System, the Commissioner-General has decided on a modified phased approach for the implementation of the Levy from 1st of May 2022.”