We expect E-levy to pass when resubmitted this month – Ofori-Atta

Finance Minister Ken Ofori-Atta has hinted the controversial E-Levy will be resubmitted to Parliament this month.



According to him, the necessary consultations are ongoing and government expects legislators to pass the new tax measure when it is put before them again.

- Advertisement -

“After extensive consultations, the e-levy will be re-submitted to Parliament this month. We look forward to joining hands with our Honourable Members of Parliament to approve the e-levy on a consensus basis, so we can collectively address the big issue of unemployment”, Mr. Ofori-Atta noted at a press conference in Accra Wednesday.

The Finance Minister noted he and other key officials of government will engage Ghanaians on the need for the levy from Thursday.

- Advertisement -

“Beginning tomorrow, a team comprising myself, colleague Ministers, and other key members of government will embark on a public engagement and sensitization campaign across the country. We intend to communicate clearly on the proposed mechanics of the e-levy, its potential benefits to the people of Ghana within the spirit of burden-sharing that must guide us in our development efforts as we move Ghana Beyond Aid,” he said.

The proposed levy is a charge of 1.75% of the value of electronic transactions. It covers mobile money payments, bank transfers, merchant payments, and inward remittances. The originator of the transactions will bear the charge except for inward remittances, which will be borne by the recipient. There is an exemption for transactions up to GH¢100 ($16) per day.



 

Send your news stories to

ghnewsavenue@gmail.com

- Advertisement -

Source Starrfm.com.gh