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Social media users celebrate the failure of the E-levy

Social media users have gone crazy over claims that the government's expectations for the Electronic Transfer Levy (E-levy) are not being met. 

Almost two months after it went into effect, the Electronic Transactions Levy (e-levy) generated less than $60 million, according to Gabby Otchere-Darko, a prominent member of the New Patriotic Party (NPP). 

He stated that the administration anticipated roughly 600 million cedis.

What choices does the government have? What option, if chosen, will restore investor confidence in our economy, should be the real question. Will it assist even if we manage to raise the $3–5 billion necessary? "E-levy, which was supposed to have given us about 600 million by now, has only generated less than 60 million," he wrote in a tweet on Monday, June Social media has gone wild in less than 24 hours over Mr. Otchere-announcement. Darko'sWhile some were delighted that the people had fought the charge in silence, others were rather pessimistic.

Skeptics viewed it as a routine strategy the administration was using to request additional funding from the International Monetary Fund (IMF).

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E-levy Gabby Otchere-Darko NPP New Patriotic Party


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