According to him, it will help provide government with revenue to build more roads and jobs for the youth.
President Akufo-Addo made these comments in a tweet, adding it will also reduce the country’s dependence on debt.
He wrote: The e-levy will provide the government with revenue to build more roads, provide more jobs and opportunities for the youth and reduce our dependence on debt.
The levy pegged at 1.75% has sparked controversies since it was announced by the Finance Minister, Ken Ofori-Atta during the 2022 budget.
The Minority has mounted a strong defence against its inclusion, claiming it will only worsen the economic burden of the citizenry.
But, according to Mr Ofori-Atta, the levy will increase the country’s tax-to-GDP from 13% to a targeted 16% or more.
The other components of the budget have been approved with the exception of the E-Levy which the Minority vows to fight vehemently.
Meanwhile, the government on Thursday held a town hall meeting in Koforidua to kickstart a sensitisation programme on the levy.
Read the President’s tweet below:
The e-levy will provide Government with revenue to build more roads, provide more jobs and opportunities for the youth and reduce our dependence on debt. #GhanaNeedsTheELevy #ElevyForDevelopment pic.twitter.com/c2ecGOa412— Nana Akufo-Addo (@NAkufoAddo) January 26, 2022