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E-Levy Bill Passed By Parliament

On Tuesday afternoon, Parliament passed the contentious Electronic Transactions (E-Levy) Bill.

This decision was made after a Majority-sided House completed the Consideration Stage on Tuesday, March 29, 2022.

It was taken into account under a certificate of urgency.

During a Minority walkout, the Bill was adopted at a lower rate of 1.5 percent, down from the initial 1.75 percent.

The bill is expected to be signed by President Akufo-Addo.

The tax, which has sparked debate among Ghanaians, is expected to generate nearly $6 billion in tax revenue for the country.

The Ghana Revenue Authority (GRA) has already indicated that its structures have been revised and are ready to ensure income mobilization.

The Finance Minister was in Parliament today to advocate for the Bill’s passage on the eve of President Akufo-State Addo’s of the Nation Address.

From the start, the Minority Caucus accused the Majority Caucus of sneaking the controversial Electronic Transaction Levy into the Order Paper (E-levy).

According to the Tamale South MP, the E-levy was not included in this week’s business statement.

He questioned why the Majority would spring such a surprise on the National Democratic Congress (NDC) legislators.

However, Deputy Finance Minister Abena Osei-Asare urged Members of Parliament to work together to pass the Electronic Transaction Levy (E-Levy) Bill in order to accelerate the country’s economic recovery.

After this development, the House, despite the Minority’s absence embarked on a speedy consideration and amendment of a few changes in the bill following which the motion was moved to accept it.

The Minority-Sided Parliament accepted the E-Levy Bill by voice vote.

Speaker Alban Bagbin adjourned the meeting until tomorrow, March 30, 2022.

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