The Majority and Minority groups in Parliament continue to argue over the intended electronic transactions levy proposed by government. The two opposite sides disagree strongly on the rate as Minority has called for a drastic reduction in the rate to less than one percent to ease the burden on Ghanaians. The 20 non-partisan Committee set up would reach a consensus on whether or not to reduce the rate.
As at when Ghanaians were anticipating for a different electronic transactions levy rate from the Finance Minister's address, Ken Ofori-Atta has reiterated that nothing has been done about the 1.75% rate fixed by government. He has boldly told Ghanaians that, as it stands the rate has not changed despite the fact that new changes are being made about the budget.
Ken Ofori-Atta made this declaration when addressing Ghanaians on the budget review processes ongoing at the Finance Ministry. Speaking alongside Member of Parliament for Ofoase Ayirebi constituency and Minister for Information, Honourable Kojo Oppong Nkrumah, Ken Ofori-Atta announced several changes that have been made in the budget including the road tolls and other proposals.
Undoubtedly, one policy that Ghanaians are expecting change or reversal is the electronic transactions levy. However, Ken Ofori-Atta insisted that nothing has been done to reverse the tax and broader consultations are being made to bring finality to the policy proposal.
According to him, most Ghanaians evade tax which result in low tax revenue to undertake development projects. He indicated that in an attempt to widen the tax net and also capture the lost money through tax evasion, the E-levy is the only best way to support government in this period. He said, "We are still engaging the stakeholders on the E-levy but as we communicate now, the rate is still the same and nothing has changed."
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