DUMSOR LEVY BEING CHARGED AT A RATE OF 8% PER TRANSACTION – Kojo Oppong-Nkrumah
Kojo Oppong Nkrumah, the member of parliament for Ofoase Ayirebi, has stated that the GH¢1 levy on petroleum products is being charged at the rate of 8% per transaction.
He asserted that the dumsor levy makes it one of the highest tax rates introduced in Ghana as a single instance.
According to Kojo Oppong Nkrumah, the dumsor is simply wickedness.
The minority labelled the GH¢1 levy on petroleum products as a midnight robbery.
He asserted that the E-levy was designed to yield approximately GH¢2 billion, but the dumsor levy will take ¢5.6 billion from the pockets of Ghanaians.
Speaking to the media, Kojo Oppong Nkrumah the member of parliament for Ofoase Ayirebi stated, “The E-Levy was advertised in the budget and followed up with town hall. It was neither advertised in the budget nor on the main order paper for the day. That is why we say that this amounts to midnight robbery.
The E-Levy had an effective rate of 1% per transaction, yet it was described as pickpocketing. This Dumsor Levy has the effective effect of 8% per transaction, which is why we say that it is midnight robbery”.
He added, “The E-Levy was designed to yield approximately GH¢2 billion from persons who elected to do transfers or transactions. This government is taking GH¢5.6 billion from the pockets of Ghanaians, and we think it is very dishonest”.
1 LITRE, 1 GHS: This levy is being charged at a rate of 8% per transaction. It is simply wickedness – Kojo Oppong-Nkrumah
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