Audio By Carbonatix
Parliament has completed the second reading of the Electronic Transfer (E-Levy) Bill.
The Bill was adopted at a reduced rate of 1.5% from the initial 1.75% amid a Minority walkout.
It is currently being considered by a Majority-sided House as some proposed amendments are carried out.
This development followed a showdown between both sides on Tuesday.
The Finance Minister is currently in the House to push for the bill's passage a day to President Akufo-Addo's State of The Nation Address.
From the onset, the Minority had accused the Majority Caucus of smuggling into the Order Paper the consideration of the controversial Electronic Transaction Levy (E-levy).
According to the Tamale South MP, E-levy was not enlisted in Parliament’s business statement for this week.
He questioned why the Majority will pull such a surprise on the opposition National Democratic Congress (NDC) legislators.
But Deputy Finance Minister, Abena Osei-Asare, urged Members of Parliament to join hands in passing the Electronic Transaction Levy (E-Levy) Bill to enhance the country’s economic recovery process.
According to her, Ghanaians have already accepted the tax revenue measure and expect its passage.
This, she stated, will help address domestic challenges derailing growth of the local economy, a development which has led to a high cost of living in the country.
But after a 30-minute break, the Minority Leader announced that his side will have nothing to do with the Bill.
He maintained that the outcome will bring untold hardship to the populace. On that note, he led the NDC MPs to vacate the chamber.
Latest Stories
-
Police receive DNA report in murdered Immigration officer’s case, await full autopsy reportÂ
41 minutes -
Labadi Beach Hotel pays SSNIT GH¢17.8m dividend, bigger payout expected this year – Afreh Biney
51 minutes -
We will not sell them – SSNIT boss ends speculation over Labadi Beach Hotel and La Palm
1 hour -
World Bank approves $300m support package to help Ghana end double-track system by 2027
1 hour -
Messi equals World Cup goals record with hat-trick in Argentina win
2 hours -
Retirement age reform requires national consensus, not a SSNIT decision – Afreh Biney
2 hours -
Extending retirement age could delay opportunities for youth by up to 7 years – SSNIT boss
2 hours -
Jamaica in talks to accept third-country migrants deported from US
2 hours -
G7 leaders call for strong, coordinated response to Ebola outbreak
2 hours -
Ebola Bundibugyo vaccine candidates could enter Phase 1 trials as early as July
3 hours -
Longer life expectancy alone is not enough to raise retirement age – SSNIT boss
5 hours -
Mobile tech to add $290bn to Africa’s economy by 2030, GSMA says
5 hours -
South Africa’s Ramaphosa warns against scapegoating migrants for economic woes
5 hours -
Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open
5 hours -
Prince George to attend Eton College from September
6 hours