Govt To Reduce E-Levy From 1.75% to 1.5% -Afenyo Markin

Peter Amaane   2021-12-01   11 Valid views

The Deputy majority leader of Parliament, Hon Alexander Afenyo-Markin has said the government has decided to reduce the electronic transaction levy (E-levy)  from 1.75% to 1.5% 

According to Alexander Afenyo-Markin, the reduction is seen in the revised edition of the 2022 budget which the Minister for Finance presented in Parliament yesterday. 

Speaking in an interview on PM Express,  he said the decision to reduce the the E-levy was arrived after the government considered some issues of interest to the Minority concerning the budget.

"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 Evans Mensah on Tuesday.

He further stated that the new charge will be reflected at the  enactment stage of the policy. 

"Check the records of Parliament, in the NDC time, NPP time, the politics of this country… where it reduces into an enactment, it is like government announcing a policy. That policy will have to be executed implemented. The implementation process may require legislation, so it is when you come to the legislation that you fine-tune it. That is why you have to receive memoranda from the public,” he pointed out.

He added that “for nothing at all when it comes to the bill, we know that government has shifted from 1.75 to 1.5.”

This follows the approval of the 2022 budget budget statement and economic policy of the government which was submitted in Parliament yesterday by Ken Ofori Atta. 

The majority alone approved the budget after the Minority boycotted the activity of the house yesterday. 

The approved budget was reviewed after its rejection on last Friday and re-submitted in the house. 

On the other hand, the Minority leader, Haruna Iddrisu said his side was unable to reach a consensus with the majority because of the majority's unwillingness to assess the 1.75 fee on the E-levy. 

Speaking to the press yesterday, Haruna Iddrisu elucidated that both the Minority and majority met to reach a consensus about the approval of the budget. 

According to him during the meeting the Minority insisted that the 1.75% fee on the E-levy should be reduced to relief the taxpayer of economic pressure.