![](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/ato-forson-1024x573.jpg\")
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The Minority in Parliament is still demanding the\u00a0abolishment of the controversial Electronic Transfer Levy Act.<\/p>\n
The Caucus says it will not change its position on the tax measure, explaining that the policy is inimical to the country\u2019s cashless economy.\u00a0<\/p>\n
Ranking Member on the Finance Committee of Parliament who is also a former Deputy Finance Minister, Dr Cassiel Ato Forson has urged the government to heed to their advise.<\/p>\n
The Ajumako Enyan Essiam MP however, commended the government for reducing the rate from 1.5% to 1%.\u00a0<\/p>\n
\u201cThey have listened and in presenting the e-levy bill, Mr Speaker, they have decided to remove what they had intended to exclude.\u00a0<\/p>\n
Mr Speaker, it is important for us to commend them because at the minimum, they have listened, but the other point has to do with the fact that they are reducing the rate to 1%. Mr Speaker our position is that this tax must be removed completely,\u201d he said.\u00a0<\/p>\n
Parliament on Wednesday, December 21, 2022 approved an amendment to the Electronic Transaction Levy (E-levy) Act .<\/p>\n
It will be recalled that the Government during the presentation of the 2023 Budget, announced a reduction of the e-levy rate from 1.5% to 1% and wanted to remove the daily non-taxable threshold of GH\u20b5100.<\/p>\n
It sought to make the levy applicable to any amount transferred electronically.<\/p>\n
The Minority subsequently declared their stance to object to the removal of the GH\u20b5100 threshold.<\/p>\n
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