"E-Levy Still Stands At 1.75%" - Ken Ofori-Atta Confirms (VIDEO)
Ghana's Finance Minister, Ken Ofori-Atta has confirmed that the new percentage slapped on all electronic transaction levies (E-Levy) still stands at 1.75%.
According to the Minister, the government will continue to hold talks with the Minority to accept the new introduction.
Addressing Journalists in Accra on Monday, he said "The E-Levy is still 1.75%. We are in serious consultations and keeping clear about the fiscal implications of what it will mean"
The Sector Minister made the clarification following a statement that was said to have been made by the Deputy Majority Leader, Afenyo-Markin.
The Finance Minister noted that government will not reduce the E-Levy to 1.5% but rather maintain its 1.75% position.
As it stands, most Ghanaians likewise the Minority Members of Parliament (MPs) have kicked against the request by the government.
The Minority stressed that the increase will worsen the hardships of average citizens. The Finance Minister said “On the matter of the E-Levy, the elephant in the room, having regards to its serious fiscal implications, we will continue our consultations with the Minority Caucus in Parliament and other relevant stakeholders with a view to achieve a consensus and revert to the House in the shortest possible time,”
Watch the video below:
Story by: Joshua Kwabena Smith