E-levy rate reviewed to 1%; GH¢100 daily threshold maintained

The Minority in Parliament has succeeded in ensuring that government maintains the GH¢100 Mobile Money threshold.

Parliament also approved the reduction of the Electronic Transfer Levy from 1.5 to 1 percent, effective 2023.

Cassiel Ato Forson said the Minority would now support the levy to help the government rake in an amount of GH¢2.2 billion for 2023.

“The value of GH¢100 from the time the levy was introduced till today has been eroded.

Since we haven’t been able to achieve that and government has reduced it from 1.5 to one percent, we cannot be the same people to oppose it.”

Meanwhile, Parliament has approved the 2.5 percent Value Added Tax increase proposed by the government effective 2023.

The government intends to spend an amount of GH¢227 billion with GHS¢800 million from the Consolidated Fund and other public funds for 2023.