The Minister of Finance, Mr. Ken Ofori-Atta, has exposed Deputy Majority Leader and MP for Effutu Constituency in Central Region, Hon. Alexander Afenyo-Markin by insisting that the E-levy has not been reduced to 1.5% as many have been made to believe.
Briefing the press on Monday, December 6, 2021 at the Ministry of Finance in Accra, Mr. Ofori-Atta noted that government is currently doing a lot of consultations on the E-levy and other aspects of the 2022 Budget that the Minority finds issues with.
He however stated categorically that the E-levy has not been reduced to 1.5% as stated by some people on various media platforms.
On Tuesday, November 30, 2021, Deputy Majority Leader, Alexander Afenyo-Markin, stated on JoyNews’ PM Express that the percentage to be charged as Electronic Transactions Levy (E-levy) will be reduced from 1.75% to at least 1.5%.
According to him, the reduction in the rate of the controversial E-levy is a result of government listening to the concerns of the Minority in Parliament with respect to some concerns raised about the 2022 Budget Statement and Economic Policy.
Today’s new revelation by the Finance Minister has falsified claims by the Deputy Majority Leader that the E-levy will be reduced from 1.75% to 1.5%.
Meanwhile, the Finance Minister has revealed that taking out the E-levy and other aspects of the budget will have huge negative impacts on the economy, funding of developmental projects and the day to day administration of the nation.