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We will reject removal of e-levy threshold – Minority

They contend that because government actions have already made Ghanaians impoverished, they will not support any measures that may worsen the situation for the people.

The Minority decided to reject the 2023 Budget because, according to Dr. Cassiel Ato Forson, the Ranking Member on the Finance Committee of Parliament, such a move would tax the average Ghanaian.

“Why should we continue to blame the person whose policies have rendered them impoverished in these dire economic times? I can assure you, Mr. Speaker, that the Minority on this issue will reject it with all of our might and power. We think we shouldn’t consent to this policy.

The removal of the daily barrier of GH 100 has also been criticized as being improper by the Institute of Economic Affairs (IEA) Ghana.

This, in their opinion, is because it doesn’t safeguard the underprivileged during the current economic crisis.

The IEA stated in response to the 2023 Budget’s announcement of a downward reduction of the e-levy rate from 1.5 percent to 1.0 percent that the government might achieve its revenue target and increase the use of electronic transactions if it further reduced the rate to 0.5 percent.

Every small amount of money transferred electronically from one account to another will now be subject to the now-reduced 1% Electronic Transactions Levy due to the abolition of the GHC 100 per day barrier (E-Levy).

The government will lower the contentious and onerous Electronic Transactions Levy (E-Levy) from its current 1.5% to 1% and abolish the GHC 100 barrier for each transaction, according to Finance Minister Ken Ofori-Atta.

He revealed this while presenting the 2023 budget on the floor of the legislature.

He claims that the action is just one of many programs the government plans to do to revive the economy and decrease the extreme economic suffering Ghanaians are now experiencing.

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