The governing New Patriotic Party NPP have said the Electronic Transaction Levy is a nationalist instrument for development and as such calls on the Minority in parliament to approve the bill<\/p>\n The party believe the bill will help mobilize more revenue for the government while reducing existing debt situation in the country.<\/p>\n The National Communications Director for the NPP Yaw Boaben Asamoah said this during a press engagement on the Electronic Transaction Levy bill which was held in Kumasi on Friday February 18, 2022.<\/p>\n Mr Boaben Asamoah during the engagement noted that the implementation of the E-levy will help generate internal revenues devoid of high rate interest which will be channeled into productive sectors in the economy.<\/p>\n He said the huge mismatch between revenue generation and infrastructure needs was not sustainable if the country was to accelerate its economic transformation agenda within the shortest possible time.<\/p>\n He however challenged the Minority in parliament to suport the policy if indeed they have good intentions for the future of Ghana.<\/p>\n He explained that the proposed e-Levy when approved will transform the Ghanaian economy and in effect protect the vulnerable.<\/p>\n The e-levy which was introduced by the incumbent government in its 2022 budget is to be rolled out after parliament’s approval ensuring that Ghanaians are taxed on their electronic transactions.<\/p>\n A 1.75 percent charge is to be deducted on every GHC100 MoMo transaction made and also on all bank transfers.<\/p>\n The e-levy has been met with strong opposition from the Minority in Parliament as they have vehemently kicked against its implementation.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Business News of Saturday, 19 February 2022 Source: otecfmghana.com Yaw Boaben Asamoah The governing New Patriotic Party NPP have said the Electronic Transaction Levy is a nationalist instrument for development and as such calls on the Minority in parliament to approve the bill The party believe the bill will help mobilize more revenue for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[701,5267,662,2099,5268,5269],"class_list":["post-997362","post","type-post","status-publish","format-standard","category-business","tag-asamoah","tag-buabeng","tag-development","tag-elevy","tag-instrument","tag-nationalist"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/997362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=997362"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/997362\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=997362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=997362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=997362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Yaw](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/191\/19128699.295.jpg\" "\\"Yaw")
Yaw Boaben Asamoah<\/span><\/span><\/p>\n<\/div>\n