lang="en-US"> BREAKING: E-Levy finally passed » Akasanoma Gh

BREAKING: E-Levy finally passed

BREAKING: E-Levy finally passed

E-Levy finally passed
After months of back and forth in parliament with regards to the controversial Electronic Transactions Levy (E-Levy), parliament has passed the bill.

This was after the House considered the bill after its third reading, with the Speaker of Parliament, Alban Bagbin, in the seat.

Earlier, the Minority in Parliament staged a walkout right before the question was put before the house.

The Minister for Finance, Ken Ofori-Atta, on Tuesday, March 29, 2022, moved a motion in parliament asking the house to approve the second reading of the reviewed 1.5% E-Levy bill to advance its passing into law.

The debate on the motion was divided between the majority and minority, who argued entrenched positions on the bill.

While the minority maintained their opposition to the bill, members of the majority argued in favour of the E-Levy, tagging it as essential for revenue mobilization and development.

 

“In conclusion we are not able to support the Electronic Transaction or Electronic Transfer Levy of 1.75%. we think that it is regressive, it smacks of double taxation and the people of Ghana should not suffer further taxes, financial institutions and banks should not be made to pay E-Levy.

Speaker Alban Bagbin who was presiding over proceedings went ahead to put the second reading of the E-Levy to a voice vote which was given in favour of the majority who were the only side in the chamber and shouted for the adoption.

The house following the adoption went ahead unto the consideration stage of the bill also without the presence of the minority.

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