Reviewed E-Levy Bill passed, rate 1.50%, Minority absent

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The reviewed controversial Electronic Transfer Levy (E-Levy) bill has been passed by Parliament.

The passage of the Bill was not without the usual dramatization from both the majority and minority caucus

The Minority before the second reading of the Bill staged a walkout leaving only the NPP MPs to pass the Bill.

However, the rate has been slashed from 1.75% to 1.50% by the Finance Minister

The recommendation from the Finance Committee report for the approval of the Bill called on the House to suspend its standing orders and take the Bill through all the stages of passage in one day due to the urgency of the Bill.

Finance Minister, Mr. Ken Ofori-Atta on Tuesday, March 29 moved a motion for the passage of the E-levy in Parliament.

This was after he presented a statement on the E-levy in the House.

“I, therefore, move the motion” for the passage of the E-levy, he said.

The Obuasi West MP and Chairman of the Finance Committee of Parliament, Mr. Kwaku Kwarteng seconded the motion.

Story: Franklin ASARE-DONKOH

Read also:

Minority walkout over second reading on E-levy

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