Haruna Iddrisu, the minority leader and MP for Tamale North in the northern region of Ghana, has urged the government to further evaluate the proposed one percent (1%) e-levy at zero rate to 0.5 percent at a threshold of GH300 and above in order to earn support from Ghanaians.
The Minority Leader claims that during the discussion of the government’s 2023 Budget Statement and Economic Policy, the National Democratic Congress (NDC) members in the August House will make a solid case for that.
At the present, two-day post-budget workshop in Ho, the Volta Regional Capital, the Minority Leader announced his decision in an open address.
, has urged the government to further evaluate the proposed one percent (1%) e-levy at zero rate to 0.5 percent at a threshold of GH300 and above in order to earn support from Ghanaians.
The Minority Leader claims that during the discussion of the government’s 2023 Budget Statement and Economic Policy, the National Democratic Congress (NDC) members in the August House will make a solid case for that.
At the present, two-day post-budget workshop in Ho, the Volta Regional Capital, the Minority Leader announced his decision in an open address.
The Tamale South lawmaker explained that setting the e-levy at 1% will have a negative impact on individuals and businesses that rely on electronic money transfer services.He thus urged the government to reconsider the newly proposed rate.
“We will subject this new proposal to further critical and thorough discussions as a caucus, but without going into the scenarios, as you look at your scenarios, consider for say of 0.5% at a threshold of ¢300 as compared to what you have admitted of 1% at zero threshold.”
The Tamale South MP hinted that his side was yet to take a decision on the proposed increase of the VAT rate by 2.5 percent.
He, however, warned that the 2.5 percent increase in VAT may have terrible consequences on businesses.
Government announced last Thursday that it was reducing the rate from 1.5 percent to 1 percent and removing the 100 cedis tax-free daily threshold. That means any amount transferred is taxable.