Dr. Cassiel Ato Forson, Ghana’s Finance Minister-designate, has vowed to abolish both the betting tax and the E-levy in his first budget, if confirmed in the role.

Speaking before Parliament’s Appointments Committee on January 13, Dr. Forson criticised the betting tax, stating that it has failed to achieve its intended objectives. He noted that the tax had not generated the expected revenue and had instead burdened the sector without benefiting the broader economy.

“I insist that the betting tax must be abolished, and as Finance Minister, I will abolish it in my first budget because it has failed,” Dr. Forson declared.

He also reiterated his opposition to the E-levy, a stance he has consistently held. Dr. Forson questioned its classification, stating that it doesn’t fit into the categories of either direct or indirect tax.

“My position on the E-levy is well known. I have written articles about it, and my position has not changed,” he said.

The Finance Minister-designate outlined his commitment to reforming the country’s tax system to promote sustainable economic growth while easing unnecessary burdens on the public.

Source:TheDotNews