E-levy Implementation Systems Could Be Ready In May – Ofori-Atta

The government expects the systems that will pave the way for the implementation of the electronic transfer tax to be ready from May 2022.

According to Finance Minister Ken Ofori Atta, discussions have been held with the Auditor and Accountant General’s Department and the revenue of the Ghana Authority in this regard.

“We had meetings with the Comptroller General and the GRA, and they indicated that from the beginning of May they should be able to obtain all the implants,” he noted.

The tax is a 1.5% levy on electronic transactions, which includes mobile money payments.
The tax applies to electronic transactions that exceed GH¢100 daily.

The government had hoped the levy would widen the tax network and bring in an additional GH¢6.9 billion in 2022 when it was first announced in the budget.

But it took until the end of March for the levy to be collected in Parliament for review.

Parliament approved it in the absence of the minority deputies, who had left before the bill was given serious consideration.

The minority complained of having been targeted by the unexpected introduction of the controversial tax.

He then challenged the passage of the tax in the Supreme Court.
The minority parliamentarians on the cause are the minority leader, Haruna Iddrisu, Mahama Ayariga of Bawku Central, and Samuel Okudzeto Ablakwa of North Tongu.

They argue that Parliament did not have the right numbers to form a quorum for passage of the Elevy Bill into law.

So they want the passage to be declared void.