Saturday, 18 May

Finance Committee approves E-Levy

Politics
Parliament of Ghana

The Finance Committee of Parliament has approved the proposed controversial E-levy bill.

The Minority side, made up of 12 members, voted against it while the 12 members on the Majority side voted for it.

The Chairman of the Committee voted in favour of the e-Levy to break the tie.

This means it shall be put before the plenary under a certificate of urgency.

The NDC and its Minority are against the 1.75 per cent levy which will affect electronic transactions.

Several calls on the government to drop the proposed tax has fallen on deaf ears.

The government has explained that the upsurge in the use of e-payment platforms, as a result of the COVID-19 pandemic, has been an impetus for the introduction of the levy.

As a result, Ghana recorded a total of GHS500 billion from e-transactions in 2020 compared with GHS78 billion in 2016.

The government says the e-Levy proceeds will be used to support entrepreneurship, youth employment, cyber security, and digital and road infrastructure, among others.

 

 

Source: Classfmonline.com/Emmanuel Mensah