• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Circa GHS 1.1bn generated as revenue from E-Levy in 2023 – Dep. Finance Chief Kumah

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
115
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Circa GHS 1.1bn generated as revenue from E-Levy in 2023 – Dep. Finance Chief Kumah

A total amount of GHS 1.19 billion was generated as revenue from the electronic levy (E-Levy) on electronic transactions last year – 2023.

This is according to the Deputy Finance Chief, John Kumah.

According to the Dep. Finance Chief, the government from the GHS 1.19bn revenue generated, allocated funds to its YouStart Programme, the Ghana Enterprise Agency, and the National Entrepreneurship and Innovation Programme to combat unemployment in the country.

“The Ghana Statistical Service on Wednesday announced that about 1.5 million Ghanaian youth are unemployed. Last year, E-levy generated GH¢1.19 billion and as part of dealing with the job situation… unemployment situation, the government has committed funds through YouStart from this E-levy sources…to GEA and NEIP to address the unemployment situation in the country, and I am happy to announce that institutions like Wealth and Jobs Expo and all private groups that are willing to help create jobs in the private sector will also be supported to help create jobs and businesses in the private sector,” he quipped.

He made the assertion during the media launch of the Wealth and Jobs Expo Ghana.

Mr Kumah’s assertion was in response to the latest figures from the Ghana Statistical Service, which indicated that over a million Ghanaian youth were unemployed as at the end of 2023.

RelatedPosts

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

Speaking further, the Dep. Finance Chief highlighted the government’s efforts in attracting investments into the country while spurring job creation, emphasizing the need for belief in entrepreneurship to address the unemployment rate.“In the medium term, the government aims to intensify efforts to attract domestic investments and FDIs [Foreign Direct Investments] in strategic centres with emphasis on creating jobs anchored on the government’s growth strategy. The strategy is projected to contribute to the creation of approximately 500,000 jobs.

“We are not saying 1.5 million [unemployed youth], every one of them should create jobs. No. Even if we get it, we get 10% of them, it’s 150,000 who will become entrepreneurs. If they do an average of let’s say 100 jobs, so that’s 150,000 x 100, you have almost solved the unemployment problem,” he quipped.

Tags: Circa GHS 1.1bn generated as revenue from E-Levy in 2023 - Dep. Finance Chief KumahE-LevyGSSunemployment
No Result
View All Result

Highlights

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

IMF Says Good Policies and “Good Luck” Helped Emerging Economies Better Resist Shocks

GSE Composite Index Extends Rally as Market Capitalisation Hits GH¢165.99bn

FIFA Raises Ticket Prices for 2026 World Cup Amid Surging Demand

CAF Confident AFCON Will Proceed Amid Ongoing Protests in Morocco

Trending

Business

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer” What started as a fierce demand by Hon....

Inflation is Falling, But the Relief isn’t Uniform

October 7, 2025

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

October 7, 2025

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

October 7, 2025

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.