• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, November 29, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Parliament Approves Reduction Of E-Levy Rate To 1%

December 22, 2022
Priscilla Dziedzorm FiakpornubyPriscilla Dziedzorm Fiakpornu
in General News
0
Parliament Approves Reduction Of E-Levy Rate To 1%

Approval of E-levy Reduction to 1% by Parliament

Parliament of Ghana has approved the reduction of the Electronic Transfer Levy (E-Levy) from 1.5 percent to 1 percent.

The motion to reduce the e-levy was approved by the house after the lot fell on the Majority to move the motion, leading with a headcount of 136 votes against the Minority with 135 votes.

Effective implementation of the new policy will kick start come next year, 2023.

RelatedPosts

Indiscipline And Negligence Floods Residents In Dawhenya

Government’s EJobs4All To Benefit 10,000 Youth In Mining Regions

Politics Versus Policies: Developing Inclusive Manifestos To Spur National Growth

Dr. Cassiel Ato Forson, Ranking Member on the Finance Committee of Parliament said, while debating about the amendment of the Bill in Parliament that the Minority would now support the levy to help the government rake in an amount of GH¢2.2 billion for 2023.

The Ranking Member on the Finance Committee of Parliament also indicated in his argument that though the house has agreed on the reduction of the e-levy rate to 1percent, the GH¢100 threshold on daily transactions still holds.

6272022110104 8eu2xkjwvr 50341593 e5ac 4728 81b9 db49ba03e061

“The value of GH¢100 from the time the levy was introduced till today has been eroded. So I don’t know why that threshold should be removed. Our position is that; this levy should be removed completely. 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.”

Dr. Forson

In the meantime, the 2.5 percent Value Added Tax (VAT) proposed by the government has also been approved and will likewise take effect in 2023.

This implies that Ghanaians will have to prepare to pay more for goods and services in the coming year.

According to Minority Leader, Haruna Iddrisu, this new approval will further deteriorate the economy.

The Appropriations Bill for 2023

The Appropriations Bill for the 2023 fiscal year has also been approved by parliament and it consists of government’s budgeted expenditure.

As contained in the bill, the government, in 2023 intends spending GH¢227 billion together with GH¢800 million from the Consolidated Fund and other public funds.

The house was then led to approve the bill by the Speaker of Parliament, Alban Bagbin.

Finance Minister Ken Ofori Atta presents Budget 2022 03
Speaker of Parliament, Alban Bagbin

“The Appropriation Bill 2022 is duly read the third time and passed.”

Alban Bagbin

Meanwhile, with no appointed date for resumption, the house has been adjourned for the Christmas celebrations.

READ ALSO: DataBank To Work Out  Of Its Usual Office Through Digital Channels

Tags: Appropriations BillDr.Cassiel Ato Forsone-levyghanaParliament of Ghana

Related Posts

Indiscipline And Negligence Floods Residents In Dawhenya
General News

Indiscipline And Negligence Floods Residents In Dawhenya

November 29, 2023
Government’s EJobs4All To Benefit 10,000 Youth In Mining Regions
General News

Government’s EJobs4All To Benefit 10,000 Youth In Mining Regions

November 29, 2023
Politics Versus Policies: Developing Inclusive Manifestos To Spur National Growth
General News

Politics Versus Policies: Developing Inclusive Manifestos To Spur National Growth

November 29, 2023
Ghana Resists US’ Pressures Over LGBTQ+
General News

Ghana Takes Strides Towards LGBTQ+ Tolerance: A Shift In Public Discourse

November 29, 2023
WANEP calls on ECOWAS Chair to issue a statement that shows Nigerians “are not alone”
General News

President Urged To Expedite Assent To Criminal Offences Bill

November 29, 2023
Deputy Majority Leader Back Calls For The Non-Criminalization Of LGBTQ Persons
General News

Deputy Majority Leader Back Calls For The Non-Criminalization Of LGBTQ Persons

November 29, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Producer Price Inflation Rate Rises To 78.1% In November 2022

Next Post

Dr. Juliette Tuakli Appointed As Mercy Ships Diplomatic Ambassador For Africa

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
World Commemorates International Day of Solidarity With The Palestinian People
Asia

World Commemorates International Day of Solidarity With The Palestinian People

by Comfort AmpomaaNovember 29, 2023
You Have To Look For Monica – Prince Mackay
Entertainment

You Have To Look For Monica – Prince Mackay

by Esther Korantemaa OffeiNovember 29, 2023
GSE’s GH¢26 billion Capital Raise, GH¢750 billion Securities Trading Impact
Securities/Markets

GSE’s GH¢26 billion Capital Raise, GH¢750 billion Securities Trading Impact

by Stephen M.CNovember 29, 2023
Indiscipline And Negligence Floods Residents In Dawhenya
General News

Indiscipline And Negligence Floods Residents In Dawhenya

by Evans Junior OwuNovember 29, 2023
Government’s EJobs4All To Benefit 10,000 Youth In Mining Regions
General News

Government’s EJobs4All To Benefit 10,000 Youth In Mining Regions

by Angeller AshongNovember 29, 2023
Politics Versus Policies: Developing Inclusive Manifestos To Spur National Growth
General News

Politics Versus Policies: Developing Inclusive Manifestos To Spur National Growth

by Angeller AshongNovember 29, 2023
World Commemorates International Day of Solidarity With The Palestinian People
You Have To Look For Monica – Prince Mackay
GSE’s GH¢26 billion Capital Raise, GH¢750 billion Securities Trading Impact
Indiscipline And Negligence Floods Residents In Dawhenya
Government’s EJobs4All To Benefit 10,000 Youth In Mining Regions
Politics Versus Policies: Developing Inclusive Manifestos To Spur National Growth
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In