The Majority Leader of Parliament Osei Kyei-Mensah-Bonsu has responded to claims by the Minority that the system will not be able to bear the hardships presented by the 2022 Budget Statement.
The legislator representing the side of the Majority to submit their final argument on the 2022 budget statement, said the Minority cannot claim that the system is hard because the system was hard before the NPP took over from them.
He asserted that the country was extremely hard to the extent that the NDC imposed taxes on condoms and contraceptives.
Don’t forget that Ghana’s finance minister Ken Ofori-Atta has announced that the government intends to introduce an electronic transaction levy (e-levy) in the 2022 budget. He said this was to “widen the tax net and rope in the informal sector”.
The proposed levy, which will come into effect on 1 February 2022, is a charge of 1.75% of the value of electronic transactions. It covers mobile money payments, bank transfers, merchant payments, and inward remittances.
The originator of the transactions will bear the charge except for inward remittances, which will be borne by the recipient. There is an exemption for transactions up to GH¢100 ($16) per day.