• Sat. Aug 13th, 2022

NDC’s conspiracy to reject E-levy again in Parliament exposed

When the contentious E-Levy is presented again in Parliament, the National Democratic Congress (NDC) leadership has ordered all Minority MPs to vote no.

After a high-level conference in Ada over the weekend, the opposition NDC vowed to “do everything possible to prevent the E-Levy from being passed” in order to “undermine the government’s revenue mobilization efforts.”

The eventual consequence, according to an insider who attended the meeting, is to force the Akufo-Addo-led administration to seek financial aid from the International Monetary Fund (IMF) to service the national debt.

“Any MP who does not follow the directive would face harsh consequences from the party’s leadership,” the insider warned.

As a response, the NDC plans to arrange townhall meetings, radio interviews, write articles, and seek “unnecessary amendments” on the floor of Parliament, according to the source.

Mobile money payments, bank transfers, merchant payments, and inward remittances would all be subject to the E-Levy. Its goal is to broaden the tax base while also bringing in the informal economy.

E-Levy town hall meeting

The government will hold a massive Town Hall Meeting on the Electronic Transactions Levy on Thursday, January 27, 2022. (E-levy).

The activity is part of a series of interactions aimed at presenting the fundamentals and importance of the E-levy transaction, as well as gathering comments and input from important stakeholders to help the government with the levy’s implementation.

The E-levy is a new tax on fundamental transactions related to digital payments and electronic platform transactions that was implemented by the government in the 2022 Budget. This means that electronic transactions worth more than GH100.00 on a daily basis will be subject to a 1.75 percent fee (24 hours).

Ministers for Finance, Ursula Owusu-Ekuful, Minister for Communication and Digitalization, Kojo Oppong Nkrumah, and Deputy Majority Leader, Alexander Afenyo-Markin are expected to speak at the exercise, which will also be attended by sector-specific Civil Society Organizations (CSOs) and other relevant industry stakeholders.

The Ministry of Information is hosting the Town Hall Meeting, which will be broadcast live on several television networks around the country as well as on the Ministry’s social media pages.

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