The Minority Leader in Parliament, Mr Haruna Iddrisu has revealed how he was convinced to accept the government’s proposed E-Levy (Electronic Transaction Levy).
According to him, a week ago he was against it in its entirety but was convinced to accept a one per cent E-Levy by officials in government including the Minister of Finance Ken Ofori Atta and a Minister of State at the Ministry of Finance, Mr Charles Adu Boahen.
According to him, he accepted a one per cent E-Levy for the good of the country.
"On E-Levy, a week ago, I was no, no, no, we won't accept the E-Levy but having listened to officials in government, including the Minister of Finance and Charles Adu Boahen, I was convinced to accept a departure of my original no to accepting a 1 per cent E-Levy for the good of the Ghanaian people," Mr Iddrisu said at the launch of the 10 anniversary of the Ghana Telecommunications Chamber today in Accra.
"And therefore if government is able to make overtures and reach out and say that we want to peg the electronic levy at one per cent, I would have a difficulty convincing my constituency but I take full responsibility because that should be our contribution to fiscal consolidation and our contribution to ensuring that the economy doesn't collapse on any of us going into the future".
Adjustment
Mr Iddrisu said he also advocated for the E-Levy to be imposed on mobile money and other electronic transactions that exceeded GH¢300, an adjustment on the GH¢100 that was proposed by the government in the 2022 Budget and Economic Policy Statement.
He said initially, he had wanted the E-Levy to be imposed on only transactions that exceeded GH¢500.
E-Levy
The Minister of Finance, Mr Ken Ofori-Atta, announced during the presentation of the 2022 Budget Statement in Parliament that the government intended to charge 1.75 per cent on electronic money transactions such as Mobile Money (MoMo) transfers, Mobile Money merchant payments, merchant payments using POS or QR code and e-commerce/online payments.
Exempted from the proposed tax are transactions of up to the first GH¢100 made on MoMo, bank transfers and cheques, as well as transfers between accounts.
Source: graphiconline.com
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We are all feeling good, things are fine, everything is ok. Akuffo Addo is performing tremendously.
Just take it from me today. The NDC had more chances than any political party in Ghana to show their capability to develop our dear nation. And they'd messed up abysmally. You would definitely agree with me. If you juxtapose the level of development in Malaysia within the same period of time to that of Ghana under the NDC, then you will take up guns and shoot any dam head of the NDC. The Akufo-Addo's administration, the policies and its implementation are portraying the lost time of Ghana's development, and some good Semaritans of the NDC, the likes of Dr. Duffuor, are very apprehensive and uncomfortable. While the sycophants continue to bark from the roof-top in support of their own, so that the status quo of kleptocracy prevails.So my dear Mr. Allotey Jacobs, don't try to find excuses for anybody. Be happy that you have left the gang. The NDC propagandaists are specifically targeting the hardworking ministers of the Akufo-Addo administration to defame and discredit their integrity. Instead of demonstrating to the good people of Ghana that they present a better alternative to governance and economic management, they are desperately being dybolic and cynic.