The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has taken to Facebook to celebrate and brag over the rejection of the 2022 budget by parliament on Friday, November 26.
According to him, the rejection of the "killer budget" is for the welfare of the entire citizenry and also a rendered service to the Supreme Being.
"We killed the killer budget!
For God and the Ghanaian People," he wrote.
The 2022 budget which was presented to the House of Parliament by the Finance Minister earlier in November, has caused massive reactions with people holding diverse views, particularly on the e-levy policy.
The Finance Minister, Ken Ofori-Atta, notified Ghanaians of a new levy to be charged on all transactions made electronically effective January 1, 2022.
He said this while reading the 2022 budget to Parliament on Wednesday, November 17, 2022.
According to him, it will be a 1.75 percent levy to be imposed on electronic transactions including bank transfers and mobile money transactions.
He explained that a part of the proceeds of the tax will be used to tackle unemployment, support entrepreneurship, support digitalization, improve road infrastructure and also enhance security.
“It is becoming clear there exists the enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being undertaken in the ‘informal economy.”
“After considerable deliberations, government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector. This shall be known as the ‘Electronic Transaction Levy or E-Levy',” he said.
He added that the levy will not affect transactions that amount to 100ghc or less than that daily.
However, 137 members of Parliament on the ticket of the NDC have disapproved the budget after the NPP caucus walked out of Parliament over a misunderstanding.
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