The Minister for Finance, Ken Ofori Atta says if the contentious electronic levy (e-levy) is not passed, the Ghanaian economy would suffer.
Finance minister Ken Ofori Atta has said that it would be disastrous if Ghana returns to the International Money Fund (IMF).
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Speaking at the government’s town hall meeting to discuss the E-levy on Thursday, January 27th, Ken Ofori said the country will face serious problems if we fall on the IMF for financial assistance. He stated that the E-levy will save the country.
“When we were in the IMF program, we couldn’t pay for nurses and teachers. We could hire any more because there were restrictions on that. I mean it’s just really thinking you can go back to Egypt”.
In a way, we have forgotten how difficult and tenacious that master from Washington was. So we can deal with them for them to give us advice but we need not ever get into an IMF program again. If we don’t do this E-levy, we’re just pushing ourselves in a way that would potentially end up in such a disaster,” he said.
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Electronic Transaction Levy (commonly known as Electronic Levy or E-levy) is a tax applied on transactions made on electronic or digital platforms. 1.75% is the rate of the E-levy which the Government decided to apply on all transactions.
Source: www.ghgossip.com
