- The president said although the processes leading to the passage of the bill have been long drawn out, he believes the new levy will contribute significantly to revenue mobilisation.
President Nana Addo Dankwa Akufo-Addo has assented to the Electronic Transaction Levy (E-Levy) bill to officially make it a law.
Speaking to Beatrice Adu on The Big Bulletin on Thursday (30 March), Palgrave Boakye-Danquah, the government spokesperson on Governance and Security said the president signed the bill into law on Thursday, 31 March 2022.
“I confirm this to the good people of the Republic of Ghana that President Nana Addo Dankwa Akufo-Addo at the final stage; which is like the eight of bringing a bill into law, has assented to the bill.”
E-Levy to start in May
According to him, beginning 1 May 2022, the Ghana Revenue Authority (GRA) will start collecting the levy.
“So, the bill takes effect in May, by which time we would have done all our work in terms of GRA being prepared to immediately start the taxation process,” he said.
Listen to Palgrave in the attached audio below
“Happy E-Levy has been passed”
President Nana Addo Dankwa Akufo-Addo earlier expressed his excitement over the approval of the E-Levy in Parliament after MPs for the Minority side staged a walkout.
The president said although the processes leading to the passage of the bill have been long drawn out, he believes the new levy will contribute significantly to revenue mobilisation.
“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,” he told Parliament on Wednesday (30 March 2022).
“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.
“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.”
Nicholas Brown
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