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Monday, May 23, 2022

Minority rejects proposal to cut back E-levy to one.5%

Minority Chief, Haruna Iddrisu

The Minority in parliament has rejected an offer from the federal government to cut back the velocity of the proposed digital transactions levy from 1.75% to one.5 %.

The relief is knowledgeable by way of the concession from the Telcos to cut back their 1% fee on transactions by way of 0.25%.

The minority has mentioned in a gathering that was once known as by way of Finance Minister, Ken Ofori-Atta that it gained’t comply with the proposal.

The assembly is recently underway at DF Annan Auditorium of the Process 600 block in Parliament to get the Minority to comply with the proposal and whip its individuals to vote for the approval of the tax.

In spite of the federal government’s unravel to cross the legislation, the Minority has vowed to withstand it vehemently owing to the truth that Ghanaians have kicked towards it.

The Cell cash Affiliation of Ghana on Thursday petitioned the Minority Caucus in Parliament to withstand the E-levy whilst the federal government was once maintaining a the city corridor assembly in Koforidua to steer Ghanaians to just accept it.

Finance Minister Ken Ofori-Atta said its passage was once essential for the advance of the rustic as a result of it is going to building up the rustic’s tax-to-GDP from 13% to a focused 16% or extra.

However the Cell cash Affiliation of Ghana says the research they did at the E-levy following its advent within the 2022 finances displays its implementation will pose a problem now not handiest to Ghanaians and brokers but in addition have some results at the financial system, including it is going to undermine the rustic’s cashless machine, process losses and have an effect on the federal government’s digitisation pressure.

“Sure cell cash has develop into the foremost driving force of each formal and casual sector, everyone is now leveraging on no matter financial job to transact the use of the cell cash platform. So after our overview, we’ve realised that there are about 12 demanding situations that might stand up, must the federal government proceed to pursue the e-levy in its present state or shape,” he mentioned.

Mr Otumfour said that given the demanding situations they’ve highlighted within the petition, the E-levy invoice in its present shape “must be scrapped”.

He added that “we’re brokers and we play primary roles inside the trade so once we realise that our benefit margins are going to be affected, our lives also are beneath danger then we will be able to be left with out a choice than to believe pulling again our funding.”

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