The President’s State of the Nation Address in Parliament on Wednesday, March 30, 2022, emphasized that, the passage of the e-levy will pave way for Ghana to revive its economy.
“Mr. Speaker, despite the protracted and sometimes acrimonious nature of proceedings, I am happy that the House has, finally, found it possible to pass the e-levy. I believe the levy is going to make a significant contribution to revenue mobilisation and the management of the economy, and I want to thank Members of the House for making this possible.”
President Akufo-Addo also stated the current difficulties the country is facing.
“The road to recovery will be hard and long, Mr. Speaker, but we have started on a good footing by accepting that we are in a difficult place, and are taking the difficult decisions that will get us out,” the President told the House.
Parliament approved the bill after amending portions of the document on Tuesday, March 29, 2022.
The Minority and some stakeholders in the telecommunications space have consistently resisted the passage of the E-levy, but the government has insisted that it will fix Ghana’s economic challenges.
The Minority subsequently carried out their threat and staged a walkout, but that gave the Majority the upper hand to duly undertake the second and third reading of the bill which resulted in its passage.
The charge will apply to electronic transactions that are more than GH¢100 on a daily basis by 1.5 percent.