Majority Assures nation of Adequate utilisation of E-levy Proceeds

The Majority caucus in parliament has assured that proceeds the Electronic Transaction Levy known as E-levy.
According to him, the Proceeds will be keenly monitored by Parliament to ensure it’s benefits to the people of Ghana.

Hon Osei Kyei Mensah-Bonsu, Majority Leader and Minister for Parliamentary confirmed this after the House passed the Bill on Tuesday, March 29,2022.
The Minority had in the midst of the Consideration of the Bill Boycotted the proceedings claiming they do not want to be part of the Bill that sought to take tax or levies from Ghanaians.

The E-Levy seeks to impose a 1.50% levy on transactions, including Mobile money transfers done between accounts on the same Electronic Money Issuers (EMI), Mobile money transfers from accounts on one EMI to a recipient on another EMI, Transfers from bank accounts to mobile money accounts (either directly, GIP debit, bank cards or another scheme), Transfers from mobile money accounts to bank accounts (either directly, GIP debit, bank cards or another scheme) and Bank transfers originating from a bank account belonging to an individual.

The bill has sharply divided the two sides of the House and has even degenerated into fisticuffs at a point.

On the floor of the House today, Tuesday, March 29, 2022, the bill was brought before the House for consideration and subsequent approval.

After a series of back and forth, the Minority Leader, Haruna Iddrisu in rounding up the debate on his side, led the NDC MPs to boycott the process, insisting that the Levy seeks to deprive the poor Ghanaians and the Minority will not be part of it.

The Majority from the onset urged for the passage if the Bill and urged the government to withdraw it completely.

Source: expressnewsghana.com