Government plans to lower the E-levy from 1.75 percent to 1.5 percent. Afenyo-Markin said.
The electronic transaction levy (E-levy) would be decreased from 1.75 percent to at least 1.5 percent, according to Deputy Majority Leader Alexander Afenyo-Markin.
According to him, the lower price was included in the Finance Minister Ken Ofori-amended Atta’s version of the 2022 budget, which was filed on Tuesday.
On PM Express, he stated that the reduction is the consequence of the administration listening to the concerns of the Minority in Parliament over various financial problems.
“Now that we’ve agreed on the policy, the government will draft a law, which we’ll go through clause by clause, and that’s when the extended stakeholder consultation process will resume.”
On Tuesday, he told Evans Mensah, “We’ll look at specific clauses and then deal with certain problems.”
Government plans to lower the E-levy – Afenyo-Markin
He stated that the reduction in the E-levy will be reflected in the policy’s enactment stage.
“Check the histories of Parliament, the politics of this nation… when it lowers to an enactment, it’s like the government proclaiming a policy,” he says. That policy will have to be put into action. Because the implementation process may necessitate legislation, you should fine-tune it when you get to it. That’s why you need to get memos from the public,” he explained.
“For nothing at all in terms of the law, we know that the government has gone from 1.75 to 1.5,” he continued.
This follows Parliament’s approval on Tuesday of the government’s 2022 Budget Statement and Economic Policy, which Minister of Finance Ken Ofori-Atta presented on November 17th.
The budget was adopted in the absence of the Minority’s MPs, who refused to participate in the day’s proceedings.
In their absence, Finance Minister Ken Ofori-Atta re-submitted a revised version of the 2022 Budget, which the Majority MPs, including the Speaker, unanimously supported.
This latest event follows Parliament’s rejection of the same budget on Friday.
Meanwhile, Haruna Iddrisu, the Leader of the Parliamentary Minority Caucus, has disclosed that his party was unable to reach an agreement with the Majority on the 2022 Budget due to the Majority’s unwillingness to evaluate the planned 1.75 percent e-levy.
Haruna Iddrisu, speaking to the press on Tuesday, said that the Minority and Majority caucuses met together to make some helpful compromises toward the ratification of the 2022 Budget.
During the debates, he continued, the Minority demanded that the planned 1.75 percent e-levy be reassessed at a more reasonable rate in order to make life easier for the Ghanaian people in general.
