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
- Economist advises individual bondholders not to invest in DDEP
10 mins - My dad, Culture, never died on stage in Germany – Kenyatta Hill
21 mins - 3 persons remanded over alleged kidnapping
29 mins - 28 of 47 students of Ejuraman Anglican SHS discharged from Hospital
40 mins - I’m your biggest fan – DJ Khaled tells Tems
50 mins - Akufo-Addo nominates Abetifi MP for Agric Ministry
52 mins - Bole: Family of murdered herdsman demand justice, appeals to CJ
58 mins - Death in a military operation is not unexpected – Security Analyst on Bawku killings
1 hour - Tems speaks on Grammy win, working with Future, Drake, others
1 hour - Bank manager arrested for ‘hoarding’ new Nigerian notes
1 hour - GES, Education Ministry to release academic calendar for SHS
1 hour - Kenyan school shaves off female students’ long hair
1 hour - Assayer in court over $18m gold scam
2 hours - #6thSenseonJoyPrime: Economic situation cause of Ghana’s moral bankruptcy – Angela Bamford
2 hours - Cocoa Abrabopa Association, Alfred Ritter and Ascot to tackle poverty in cocoa growing communities in Ghana
2 hours