From May 1, 2022, the government will impose a 1.50 percent rate on E-levy payments that total more than GH100 on a daily basis beginning in May 2022.
Because of the walkout by the Minority, the tax was enacted at a lower rate of 1.5 percent, down from the intended 1.75 percent.
The President, on the other hand, signed the E-levy Bill on Thursday, March 31, 2022, despite the fact that the Minority in Parliament had filed a lawsuit against its approval in the Supreme Court.
He feels that the objections leveled against the approval of the contentious tax are unwarranted, given that nations afflicted by the epidemic have all resorted to unpopular measures to resuscitate their economies, as well.
He claims that according to “The world is now experiencing very terrible circumstances. No country is exempt from this rule, not even Ghana or Nigeria.
“There isn’t a nation on the face of the earth that hasn’t been ravaged by COVID-19… What you need to pay attention to are the factors that are being deployed on the ground that go beyond the Russia-Ukraine conflict.”
“The economy has been through really terrible times. I can provide data on the economies of the United States and the United Kingdom, but they will be of little use. It is a situation that is now occurring and has made life more difficult “he said.