General News

Parliament breaks for Christmas without passing E-levy

Parliament has adjourned sine die failing to pass the controversial E-levy.

The application for adjournment was moved by Majority leader Osei Kyei-Mensah-Bonsu who argued the move is to ensure a serene environment for consideration of the controversial tax. It was supported by the Minority Leader Haruna Iddrisu.

On Monday night, disagreements that heralded voting over the bill caused chaos in the House with some MPs punching their colleagues.

The Minority side were livid after the First deputy Speaker of the House Joe Osei-Wusu who was presiding over affairs declared he was going to take part in voting which was being done by separation.

The Minority has insisted they are against the levy in all of its form and shape describing as ‘killer levy’.

The Majority insists the levy is needed to stop the country from its habitual borrowing.

The proposed levy, which was expected to come into effect on 1 February 2022, is a charge of 1.75% of the value of electronic transactions. It covers mobile money payments, bank transfers, merchant payments, and inward remittances. The originator of the transactions will bear the charge except for inward remittances, which will be borne by the recipient. There is an exemption for transactions up to GH¢100 ($16) per day.

 

Source: Starrfm

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