The member of Parliament for Ningo Prampram, Honorable Sam Nartey George has asserted that the E-Levy is a failed tax measure. His comments is a reaction to Gabby Otchere-Darko's message which said that the E-Levy is only delivering 10% of the estimated revenue.
In a post shared on his official Facebook page on Monday, 27th June 2022, he wrote the Prime Minister laments and wailing engulfs the Government. The tale of a Republic dithering on the precipice of economic doom.
,"We sounded the caution, we were called naysayers and doom mongers. We advised against the tax, we were called Jeremiahs and haters. The e-Levy tax is a FAILED TAX measure. No amount of spin can change the fact."
Sam George asserted that Government estimated to collect GH4.2 billion in 7 months in 2022 from May - December. This works out to approximately GH600 million a month. It would be safe to estimate a daily accrual of GH 20 million to meet this target.
He continued that within the first week of the implementation of the e-Levy, the Ghana Revenue Authority - Official and government spokespersons were all over jubilating that the e-Levy was raking in over GH1 million a day from one charging entity
"Last week, the Economic Management Team met with key stakeholders in the implementation of the e-Levy and it is evident that our Nation is in a crisis. The golden egg we were promised has turned out to be Alumi." He revealed.
He added that in May 2022, the government only managed to raise about GH1.8 million per day accumulating less than GH60 million in revenue for the whole month. They actually got 9% of expected revenue!
Transaction volumes have reduced by about 18% month-on-month but transaction values have declined by about 40%. This is what we warned the government about but our government is tone deaf. He continued.
"I am glad that I have not carried out a single MoMo transaction in the past 9 weeks as a sign of personal protest and in defiance of the insensitivity of our government in imposing the tax." Sam George said.
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