E-levy reduced from 1.75% to 1.50% with just 0.25% difference

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As part of the amendments to the Electronic Transfer Levy Bill (E-Levy), the Minister of Finance has reduced the percentage from the initial 1.75 percent to 1.5 percent.

Ken Ofori-Atta was on the floor of Parliament on Tuesday, March 29 to table the Bill for passage despite the Minority’s opposition.

Meanwhile, The Minority in Parliament has stormed out of the House as Majority votes for the controversial E-levy bill to pass the Second reading stage.

The bill is currently at the Consideration stage being considered by the Majority side alone.

The Minority leader Haruna Iddrisu who spoke before his side moved out maintained their opposition to the bill.

The Finance Minister who is in the House has moved for an amendment of the percentage of the bill from 1.75% to 1.50%.

Speaker Alban Bagbin said he was ready for the consideration stage to continue despite the Minority walkout.

Meanwhile, gravely ill Chieftaincy Minister, Alexander Kojo-Kum has been ferried to parliament in an ambulance to assist in passing the controversial Electronic Transfer Levy (E-Levy) on Tuesday, March 29, 2022.

The Majority in the House has had challenges with numbers to pass the E-levy.

The Member of Parliament for Dome-Kwabeyan, Sara Adwoa Safo, has been out of the House some weeks as well as the Ahanta West Member of Parliament, Alexander Kojo-Kum who doubles as the Chieftaincy Minister had also been sick.

The Minority vowed to reject the E-levy whenever it is tabled before the House.

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