We Won’t Support Removal of E-Levy Threshold – Minority

The Minority in Parliament has served notice that it will kick against the removal of the threshold for the electronic transfer levy (E-Levy).

The government in its 2023 Budget announced a reduction of the E-levy from 1.5 percent to 1 percent with the removal of the GH¢100 threshold.

Debating the 2023 Budget, the Ranking Member on the Finance Committee of Parliament, Dr Cassiel Ato Forson said such a move would overburden the ordinary Ghanaian hence the decision by the Minority to reject it.

“Why should we in these difficult economic conditions still task the person who your policies have made poorer? Mr Speaker, I can confirm to you that we, in the Minority on this matter, will reject it with all our might and strength. We believe that we should not accept this policy.”

The Institute of Economic Affairs (IEA) Ghana has also described the decision of the government to remove the daily GH₵100 threshold as inappropriate.

This, according to them, is because it fails to protect the poor in the current economic crisis.