Grapevine

NPP or NDC can scrap E-levy and betting tax, it won't cost the economy much

Prof. Williams Kwasi Peprah of the Andrews University School of Business Administration, USA

Associate Professor of Finance at Andrews University in the United States, Prof Williams Kwasi Peprah has stated that it is possible for Ghana to eliminate taxes on betting and electronic transaction levy (E-levy) without any major consequences for the economy.

According to him, the feasibility is largely premised on the prudent management of the Ghana's resources by the political class which will reduce wastage in the system.

He was speaking in response to the pledge by the presidential candidates of the two main political parties, the New Patriotic Party (NPP) and the National Democratic Congress (NDC) to scrap the two taxes when given the political mandate.

While some have welcomed the pledge, others are of the view taking it off will deny government of the needed revenue for national development considering that the country is currently under an International Monetary Fund (IMF) programme.