The Minority in Parliament is still demanding the abolishment of the controversial Electronic Transfer Levy Act.

The Caucus says it will not change its position on the tax measure, explaining that the policy is inimical to the country’s cashless economy. 

Ranking Member on the Finance Committee of Parliament who is also a former Deputy Finance Minister, Dr Cassiel Ato Forson has urged the government to heed to their advise.

The Ajumako Enyan Essiam MP however, commended the government for reducing the rate from 1.5% to 1%. 

“They have listened and in presenting the e-levy bill, Mr Speaker, they have decided to remove what they had intended to exclude. 

Mr Speaker, it is important for us to commend them because at the minimum, they have listened, but the other point has to do with the fact that they are reducing the rate to 1%. Mr Speaker our position is that this tax must be removed completely,” he said. 

Parliament on Wednesday, December 21, 2022 approved an amendment to the Electronic Transaction Levy (E-levy) Act .

It will be recalled that the Government during the presentation of the 2023 Budget, announced a reduction of the e-levy rate from 1.5% to 1% and wanted to remove the daily non-taxable threshold of GH₵100.

It sought to make the levy applicable to any amount transferred electronically.

The Minority subsequently declared their stance to object to the removal of the GH₵100 threshold.