President Nana Addo Dankwa Akufo-Addo has praised Parliament for passing the contentious 1.5 percent Electronic Transfer Levy (E-levy).
He stated that, despite the bill’s rejection and anger, he is relieved that the new tax measure has finally been approved.
The President stated in his State of the Nation Address in Parliament on Wednesday, March 30, 2022, that the passage of the e-levy presents an opportunity for Ghana to revitalize its economy.
“Mr. Speaker, despite the protracted and sometimes acrimonious nature of proceedings, I am happy that the House has, finally, found it possible to pass the e-levy. I believe the levy is going to make a significant contribution to revenue mobilisation and the management of the economy, and I want to thank Members of the House for making this possible.”
President Akufo-Addo acknowledged the challenges Ghana is likely to face in rescuing its faltering economy.
He was, however, optimistic that the government’s recent actions would produce positive results.
“The road to recovery will be hard and long, Mr. Speaker, but we have started on a good footing by accepting that we are in a difficult place, and are taking the difficult decisions that will get us out,” the President told the House.
