Economy Finance Politics

Minority Mps Walks Out As E-Levy Motion Accepted And reduced from 1.75% to 1.50%

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The Minority in Parliament has staged a walkout to stop short of further having anything to do with the controversial Electronic Transfer Levy Bill.

This was after its Leader, Haruna Iddrisu, said his group still opposes the Levy and called on the president, Nana Addo Dankwa Akufo-Addo, to withdraw it.

Substantive Speaker Alban Sumana Kingsford Bagbin is back in Parliament, chairing the debate on the controversial Electronic Transfer Levy Bill.

Speaker Bagbin had been away in the United Arab Emirates (UAE) for a routine medical review.

The e-levy is a new tax measure introduced by the government in the 2022 Budget on basic transactions related to digital payments and electronic platform transactions.

Critics of the proposal, including the Minority have warned that the new levy will negatively impact the Fintech space, as well as hurt low-income persons.

The government has, however, argued the levy would widen the tax net as it could raise an extra GH¢6.9 billion in 2022.

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DAVID KOSI AMAVIE popularly known as Lamar is known for his diverse content creativity and also a professional poet writer,philanthropist,digital journalist & also has keen interest in trending and comprehensive news around the globe.

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