The oppositional Electronic Transfer Levy Act is still being called for to be repealed by the minority in parliament.

The Caucus maintains its stance on the tax plan and argues that it is harmful to the nation’s cashless economy.

Dr. Cassiel Ato Forson, a former deputy finance minister and ranking member of the Parliament’s Finance Committee, has pleaded with the administration to take their advice.

However, the MP for Ajumako Enyan Essiam applauded the government for lowering the tariff from 1.5% to 1%.

“They have heard, Mr. Speaker, and in submitting the e-levy bill, they have chosen to include what they had originally planned to exclude.

At the very least, they have listened, so it is necessary for us to applaud them, but the second aspect has to do with the fact that they are bringing the rate down to 1%. Our stance, Mr. Speaker, is that this tax must be fully eliminated.

The Electronic Transaction Levy (E-levy) Act was amended by Parliament on December 21, 2022.

It will be noted that the Government announced plans to eliminate the daily non-taxable threshold of GH100 and lower the e-levy rate from 1.5% to 1% during the introduction of the 2023 Budget.

Any amount moved electronically would be subject to the levy, according to the proposal.

The Minority then made it clear that they opposed the abolition of the GH100 threshold.

By Mr. Blazing

Mr. Blazing known in real life as Sabastine Tang, is a Ghanaian journalist and freelance content writer, with over thee years work experience. Contact: +233543405327

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