President Nana Addo Dankwa Akufo-Addo has finally given his assent to the controversial electronic transaction levy bill on Thursday, March 31.

The much-hated e-levy is now law.

The bill was approved by Parliament on Tuesday, March 29 despite Minority staging a walkout.

President Akufo-Addo delivering the State of the Nation Address on Wednesday, March 30 said he’s happy the E-levy has been passed.

“Mr. Speaker, 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. I believe the levy is going to make a significant contribution to revenue mobilization 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.

“If anyone ever had any doubts about the need to be self-reliant, the point has now been forcibly drilled home to us. The pursuit of the Ghana Beyond Aid agenda is even more compelling now,” he added.