Government to reduce E-levy from 1.75% to 1.5% – Afenyo-Markin

The electronic transaction levy (E-levy) would be decreased from 1.75 percent to at least 1.5 percent, according to Deputy Majority Leader Alexander Afenyo-Markin.

According to him, the lower charge was included in the Finance Minister Ken Ofori-revised Atta’s version of the 2022 budget, which was filed on Tuesday.

On PM Express (a JoyNews programme), he stated that the reduction is the result of the government listening to the concerns of the Minority in Parliament regarding some financial concerns.

“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.

“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.

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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 Parliament’s approval on Tuesday of the government’s 2022 Budget Statement and Economic Policy, which Minister of Finance Ken Ofori-Atta presented on November 17.

The budget was adopted in the absence of the Minority’s MPs, who refused to participate in the day’s proceedings.

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source: Myjoyonline

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