May 28, 2022

Akufo Addo assents to E-Levy Bill

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The President, Nana Akufo-Addo, has signed into law the Electronic Transaction Levy Bill also known as the E-levy, two days after it was passed by parliament under controversial circumstances.

The E-levy was passed on Tuesday, March 29, 2022 in Parliament.

His action now paves the way for the implementation of the levy.

This comes barely a day after some three members of the Minority NDC in Parliament filed a suit at the Supreme Court to challenge the passage of the levy, insisting parliament did not have the numbers to pass it.

The electronic transaction levy is expected to increase tax revenue by GHs 6.9 billion (US$1.1 billion) for the government to help reduce the budget deficit. Government after government has struggled with implementing a comprehensive tax regime due to the large informal economy.

Meanwhile, the Speaker of parliament Alban Bagbin today lashed out at the Supreme Court over its recent judgment allowing deputy speakers to vote while presiding.

The apex court also affirmed article 104(1) of the constitution which requires a quorum of half of entire MPs before voting. The Minority through its chief whip Muntaka Mubarak accused the Clerk of parliament Cyril Nsiah of masterminding the marking of seven NDC MPs absent in the votes and proceedings on Tuesday during the passage of the E-Levy.

Ablekuma Central Dan Abdul-Latif, New Edubiase MP Adams Abdul Salam, Elizabeth Ofosu-Adjare of Techiman North, Amenfi East MP Nicholas Amankwa, Zebilla MP Cletus Avoka, Boateng Joseph Appiah of Afram Plains South, and Sissala West MP Sukparu Adam Mohammed were all marked absent even though they were in the chamber.

Muntaka further faulted the clerk’s office for failing to capture the walkout of his side in the records questioning the motive for development.

Meanwhile, the Finance Minister, Ken Ofori-Atta has hinted that the implementation of the levy may commence in May, 2022.

According to him, the Ghana Revenue Authority (GRA) will have all the systems in place for the operationalization of the levy by then.

“We had a key meeting with the Controller General and the GRA and they have indicated to us that right at the beginning of May, they should be able to get the systems altogether,” he said.

 

Source: Ghananest.com


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