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HomeNewsE-Levy: Minority rejects proposed reduction from 1.75% to 1.5%

E-Levy: Minority rejects proposed reduction from 1.75% to 1.5%

E-Levy: Minority rejects proposed reduction from 1.75% to 1.5%

The minority in parliament has rejected government’s latest proposal to reduce the rate of the proposed electronic transactions levy from 1.75% to 1.5%.

Officials from the Finance Ministry and some members of the majority met with leadership of the minority on Friday, January 28 in an attempt to reach a compromise on the controversial levy.

However, the meeting, like previous ones ended without a consensus being reached.

The minority insists on a total scrapping and is unwilling to compromise.

The e-levy, when introduced, will apply to electronic transactions exceeding Ghc100 on a daily basis.

According to government, its research shows that the levy won’t affect 40 percent of Ghanaians who fall within the 100 cedis threshold.

On Thursday, some government officials, including the Minister for Finance, Ken Ofori-Atta held a town hall meeting in the Eastern Regional capital, Koforidua.

At the meeting, they touted the need for the Electronic Transactions Levy Bill to be passed in order to mobilise much-needed funds for developmental projects like YouStart.

But the minority says, the levy is unnecessary and will “burden the already suffering Ghanaian.”

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