
Audio By Carbonatix
The Minority in Parliament says it will not support the government’s proposed removal of the e-levy GHȼ100 tax-free daily threshold.
According to the group, they will reject the policy with all the tools available to them.
The Ranking Member on the Finance Committee of Parliament, Dr Cassiel Ato Forson revealed this during the debate on the 2023 budget on Tuesday.
In his view, such a move would overburden the ordinary Ghanaian.
“Why should we in these difficult economic conditions still task the person who your policies have made poorer?
"Mr Speaker, I can confirm to you that we, in the Minority on this matter, will reject it with all our might and strength. We believe that we should not accept this policy,” he said.
The Institute of Economic Affairs (IEA) has also kicked against the decision, saying the removal the daily GH₵100 threshold is inappropriate.
This, according to the IEA, is because it ‘fails’ to protect the poor in the current economic crisis.
The IEA said government could attain the revenue target and boost usage of electronic transactions if it reviewed the rate further downward to 0.5 per cent
“We are not only disappointed that the new rate is higher than the 0.5 per cent we proposed, but also the removal of the GH₵100 daily exemption threshold, which is inappropriate,” said Mr John Kwakye, Director of Research, IEA Ghana, at a press briefing in Accra.
Latest Stories
-
Four dead, two critical after Metro Mass bus plunges into ditch on Peki stretch
8 minutes -
Police reinforce security at Kwabenya following gunfire incident involving Adwoa Safo
40 minutes -
Kristo Asafo Church to investigate gunfire incident at leadership introduction ceremony
1 hour -
Security fired warning shots after gate breach attempt — Lawyer Kantanka on Adwoa Safo’s incident
2 hours -
Adwoa Safo fired first shot, security responded with warning shots – Kristo Asafo lawyer claims
2 hours -
Police investigates shooting incident involving Adwoa Safo
2 hours -
Father’s Day: ‘Let’s continue to build giants’ – Mahama urges
2 hours -
Frimpong Manso Institute commends fathers for their vital role in families and society
2 hours -
Police investigate death of unidentified man at Tema Metropolitan Assembly forecourt
3 hours -
Sarah Adwoa Safo reportedly injured in alleged shooting incident
3 hours -
CIKOD launches Ghana Universities Movement for Agro-Ecology at DHLTU
3 hours -
Ablakwa hails UG School of Performing Arts for reenactment of Transatlantic Slave Trade
3 hours -
Cape Coast: Toddler confirmed dead, 2 injured as rain induced mudslide destroys homes
4 hours -
Reform education to conform to Artificial Intelligence – Technical universities urged
4 hours -
Signs grow that Starmer will set out timetable to resign as mood in government shifts
4 hours