The Majority Leader and Minister for Parliamentary Affairs, Osei Kyei Mensah-Bonsu says government will no longer withdraw and re-lay the challenged Electronic Transaction Levy (E-levy) Bill as earlier communicated.
He also rubbished claims that NPP leadership in parliament has confirmed the withdrawal of the controversial E-levy.
Since the Finance Minister proposed a 1.75% charge on all electronic transactions in the 2022 budget to increase revenue, there have been stiff opposition from a section of Ghanaians including the Minority in Parliament.
Opposers have cited concerns about the impact of the levy on ordinary Ghanaians.
Osei Kyei Mensah-Bonsu told NEAT FM’s morning show, Ghana Montie that - the government is rather opting to amend the E-Levy rather than withdraw it totally given the magnitude of the work done by the committee.
“We have not said anywhere that the government through the finance minister has withdrawn the E-levy,” he told host Kwesi Aboagye
Adding that, “we are looking at reamending the bill.”
Finance Minister, Ken Ofori-Atta, was expected in Parliament last Friday to withdraw the Bill and reintroduce a revised version for the house’s consideration next Tuesday, February 15. But that did not happen.
Per the Finance Ministry estimates, the controversial E-Levy is estimated to rake in some ¢6.9 billion annually.
This, according to the Ministry, will increase the country’s tax-to-GDP from 13% to a targeted 16% or more.
Source: King Edward Ambrose Washman Addo/peacefmonline.com/ghana
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WHEN DID NDC BECAME MANAGERS OF THE ECONOMY IF THE GAVE GHANA AND GHANAIANS TO IMF TO MANAGE IT. SIGNED TAKE OR PAY POWER SECTOR AGREEMENTS, DOUBLE SALARY TAKERS, BUS BRANDING LOOTERS, WAYOMY LOOTERS, SOLD OLD 120 RAIL CARS FOR SCRAP WHICH COULD BEEN REPAIRE BY SWAME MAGAZANE FOR $50,000 DOLLARS. BRANDNEW OF THESE RAIL CARS COST 500,000 DOLLARS WHICH NPP CURRENTLY HAS FIXED 10 RAIL CARS BY SWAME MAGAZANE FOR 50,000 DOLLARS SUCH A DISPICABLE ART OF LOOT AND WASTE BY NDC ***barred word*** LOOSERS ECONOMIC MISMANAGEMENT. The Vice President, Dr Mahamudu Bawumia, in 1987 obtained a first class degree in economics from the University of Buckingham, the only independent university with a Royal Charter. In Ontario, Canada. There's a provincial tax called (Hamonous) and it's 13% that is added to everything you buy from the shop. Suppose you see a pair of shoes that is priced at $100, you'd pay additional 13% on it so you'd end up paying for $113 at the cashier. Ghanaians complain too much but expect so much... Even if you go to the bank and exchange money from Canadian dollars to the US dollars, you'd be taxed 7% SO 1.75% IS A DROP IN THE OCEAN AND TELL GHANAIANS NOT TO THINk OF COMING TO NORTH AMERICA BECAUSE TAXES IS WHAT MAKE THIS COUNTRY WORKED USA AND CANADA government DO NOT BORROW TO PROVIDE FOR THEIR CITIZENS