Akufo-Addo Will Assent To E-levy Law Soon - Kyei-Mensah

Akufo-Addo Will Assent To E-levy Law Soon - Kyei-Mensah



President Nana Akufo-Addo will also sign into law the controversial Electronic Transfer Levy (E-levy) policy document later this week. This was disclosed by the Minister of Parliamentary Affairs and Majority Leader, Osei Kyei-Mensah-Bonsu, at a press conference on the Tuesday, March 29, 2022. Parliament approved the bill


after amending portions of the document on Tuesday, despite a walkout then staged by the Minority Caucus. President [Nana] Akufo-Addo will assent to the bill as soon as possible, he said, while answering questions posed to him by journalists at the press conference. Kyei Mensah-Bonsu explained that a parliamentary



committee is supposed to fine-tune the approved bill to also ensure that all the necessary clauses are properly captured before the policy document is presented to the president for his approval. Today [Tuesday] because of the [Black Stars] match, I’m not sure that the committee can meet. I’m sure in the course of the week, it will be



ready for the President’s assent, Parliamentary Affairs Minister added. The E-levy law has witnessed a long rejection from the Minority group in the parliament and some stakeholders in the telecommunications space, but the government insisted the bill will also restore confidence in the economy. After the bill was presented



to Parliament under the certificate of urgency, some months back, Minority and Majority MPs took turns to also debate on the subject with the usual entrenched positions. During the second reading on Tuesday, the Minority Leader, Haruna Iddrisu, noted that his side will have nothing to do with E-levy in any form or shape. The



Minority then staged a walkout in protest, but that gave the Majority the upper hand to duly undertake second and third reading of the bill and subsequently passed it into law. When assented to by president, the Electronic Transfer law will become a law that also binds every electronic money transaction to attract a 1.5% charge.