Ghana’s legislature is racing against time to consider measures of revenue mobilization today December 20 2021 which is key to the operation of the 2022 budget.
One of the key issues to be considered is the introduction of the controversial 1.75% Electronic Transfer levy on E-levy.
Appropriations bill has already been passed by the house on Friday, December 17 2021 after budget estimates for the various Ministries, departments and agencies were approved.
Currently, work has not been concluded on the E-levy which is before the finance committee.
The issue of E-levy has been very controversial as the Minority and Majority caucuses are divided on the issue due to the impact it is going to have on financial inclusion and the Cash-lite society agenda.
The Minority caucus is unmoved and remain in their entrenched position and are determined that the bill will not be passed since it does not support the best interest of Ghanaians.
However, the Majority insists that the levy will aid the government to get the needed revenue to meet the infrastructural demands of the country.
On Friday, December 17 2021, the bill was laid before the house and referred to the Finance Committee of Parliament. The bill when passed will impose a 1.75% charge on all electronic transactions above a GHC100 threshold.