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Parliament finally approves E-Levy

Parliament has finally passed the controversial Electronic Transfer Levy Bill.

This happened on Tuesday, March 29, 2022, which is also the 78th birthday of President Akufo-Addo. The bill was approved after a Consideration Stage was completed by a Majority-sided House.

The Minister for Finance, Ken Ofori-Atta arrived in the House before noon to table the bill. He also reduced the percentage of the  Bill from the initial 1.75 percent to 1.5 percent as part of the amendments.

The Minority caucus staged a walkout, blaming the Majority for smuggling the Bill into the Order Paper.

It was, however, considered by a Majority-sided House after the proposed amendments were carried out amid a showdown between both sides on Tuesday.

The President, Mr. Akufo-Addo is expected to assent to the approved bill.

Minority

The Minority leader Haruna Iddrisu who directed his MPs to walk out during the second reading on the E-levy said the NDC MPs remained united in opposing the tax policy.

Contributing to the E-levy debate on the floor of the House, he described the policy proposal as punitive because it will further increase “the high cost of doing business in the country.”

“E-levy is the nuisance of nuisance tax,” he added.

 

Source: Myxyzonline.com|Ghana

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