Ghana looks for extra financing as e-levy comes into force

By Kanika Saigal
Posted on Friday, 6 May 2022 13:51, updated on Monday, 9 May 2022 09:15

Ghana's Finance Minister Ken Ofori-Atta speaks during the G-24 news conference at the World Bank/IMF Spring Meetings, in Washington, Thursday, April 19, 2018. ( AP Photo/Jose Luis Magana)/

In a bid to raise cash for its dwindling coffers, Ghana finally launched its 1.5% e-levy on electronic transactions over GH¢100 (about $13) on 1 May.

The very next day, the leader of the opposition and former president John Dramani Mahama delivered a predictably scathing speech centred on his successor’s alleged economic mismanagement. Mahama’s National Democratic Congress has already appealed to the country’s supreme court to strike the bill down.