Parliament will convene later today, Monday, December 20, 2021, to consider the revenue mobilization measures central to the operation of the 2022 budget.
The implementation of the 1.75 percent Electronic Transfer Levy, or E-Levy, is a critical component of the measures.
The House passed the Appropriations Bill on Friday, December 17, 2021, after the approval of budget estimates for several Ministries, Departments, and Agencies.
However, the house was unable to finalize work on the e-levy, which is presently before the Finance Committee.
Minority and Majority views on the tax and its consequences for financial inclusion and the cash-lite society aim are severely split.
The Minority has said that it would do everything possible to prevent the bill from becoming law, arguing that it is not in the best interests of Ghanaians.
However, the Majority has maintained that the tax would assist the government in raising the necessary funds to satisfy the country’s infrastructure needs.
The bill was introduced on Friday, December 17, 2021, and was afterward submitted to Parliament’s Finance Committee.
Among other things, it charges 1.75 percent on any electronic transactions over a GHC100 threshold.
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SOURCE: CITINEWS
