{"id":1636,"date":"2022-12-21T20:51:08","date_gmt":"2022-12-21T20:51:08","guid":{"rendered":"http:\/\/parliamentnews360.com\/?p=1636"},"modified":"2022-12-22T02:41:41","modified_gmt":"2022-12-22T02:41:41","slug":"ghana-govt-forced-to-backtrack-on-removal-of-gh100-threshold-for-e-levy","status":"publish","type":"post","link":"https:\/\/parliamentnews360.com\/index.php\/ghana-govt-forced-to-backtrack-on-removal-of-gh100-threshold-for-e-levy\/","title":{"rendered":"Ghana: Govt Forced to Backtrack on Removal of GH100 Threshold for E-Levy"},"content":{"rendered":"\n

The Minority in Ghana\u2019s Parliament has succeeded in forcing the Government to back down on a proposed removal of the threshold for the collection of the Electronic Transaction levy.<\/strong><\/p>\n\n\n\n

Although the Government had proposed a reduction in the levy from 1.5 percent to 1 percent<\/strong>, it had also proposed to remove the GHC100 threshold which is supposed to serve as a safety net for the poor and vulnerable in the society who may be affected by the levy.
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The Finance Minister, Ken Ofori Atta, in his presentation of the 2023 Budget to Parliament in November, indicated that as part of the revenue measures for the year 2023, the Government has decided to remove the GHC 100 threshold for Mobile money transactions while the percentage of collection of the levy on every transaction will be reduced from 1.5 to 1.
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This proposal was immediately objected to by the Minority Group in Parliament who cited policy inconsistency and economic hardship as well as the abysmal performance of the levy in the 2022 Fiscal year as some of the reasons why the Government\u2019s proposal is untenable and their side will not support the amendment.
<\/p>\n\n\n\n

Dealing with the Electronic Transfer Levy (Amendment) Bill on the Floor of Parliament on Wednesday, December 21, 2022, sensing the insistence of the Minority Group not to backdown on its demands not to support the Bill if the threshold is removed, the Government changed its mind.
<\/p>\n\n\n\n

Source: Clement Akoloh||parliamentnews360.com<\/p>\n","protected":false},"excerpt":{"rendered":"

The Minority in Ghana\u2019s Parliament has succeeded in forcing the Government to backdown on a proposed hike in the collection of the Electronic Transaction levy albeit a proposed reduction in the levy from 1.5 percent to 1 percent.<\/p>\n","protected":false},"author":2,"featured_media":1637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[969,970],"class_list":{"0":"post-1636","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news","8":"tag-e-levy-threshold","9":"tag-electronic-transaction-levy-amendment-bill"},"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n