Gov’t appears to maintain E-levy at 1.75% despite 1.5% promise at Town Hall Meetings

Government appears to have abandoned the decision to reduce the rate of E-Levy from 1.75 to 1.5%.

Finance minister Ken Ofori-Atta in Parliament on Tuesday moved for the adoption of the report of the Finance Committee without any changes in spite of assurances at Town Hall meetings and stakeholder consultations.

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According to the report of Committee in possession of Starr News, the rate remains the same.

This is contrary to earlier announcement by deputy majority leader Alexander Afenyo-Markin the 2021 bill will be withdrawn for a new one to be laid containing the new amendments.

In December 2021, Deputy Majority Leader, Alexander Afenyo-Markin said the percentage to be charged as electronic transaction levy (E-levy) will be reduced from 1.75% to at least 1.5%.

According to him, the reduced charge was captured in the revised version of the 2022 budget submitted by the Finance Minister, Ken Ofori-Atta on Tuesday.

“We have agreed on the policy. Now government will come with a bill, in that bill we will go clause by clause and that is where the extended stakeholder consultation engagement will again come up. We will look at certain provisions and then deal with certain concerns,” he told Joy FM.

He said the reduction the rate of E-levy to be charged, will reflect at the enactment stage of the policy.

Source:Starrfm.com.gh