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Ministry Of Finance Releases Answers To 38 Key Questions On IMF Bailout. Check Them Out.

The controversies and commotion caused by the government’s decision for the International Monetary Fund (IMF) bailout have finally been addressed the Ministry of Finance. According to the Ministry, the IMF bailout is a way to aid the nation improve and stabilize the country’s economy. Concerns about the Electronic Transfer Levy were also addressed. Answering the question, “Is the government going to discontinue the E-Levy because IMF will give Ghana money?" The Ministry stated that, the IMF bailout is going to shore up the country’s economy, however, the E-Levy is going to play a vital role and cannot be canceled or discontinued.

The Ministry explained that, there is a high probability that an IMF-supported program is going to encourage the government to investigate the factors hampering the success of the e-levy and come out with strategies to improve it. Furthermore, the government is devoted to safeguarding the smooth operationalization of all taxes including property taxes and E-Levy to ensure that in addition to the IMF’s resources, the government can continue to support its developmental goals on its own while ensuring that the tax-to-GPD ratio increases to the peer range of 16%-18%."

The Finance Ministry in a 15-paged document addressed some frequently asked questions (38 questions in total) on GhanaIan government’s actions to seek support from the IMF.

Below is the link to view all the 15 questions addressed by the Ministry of Finance.

https://drive.google.com/file/d/1xdrlgHddtJ46d4dTZ0DocB_QlOdJKnlm/view

Source: Ghanaweb.

Content created and supplied by: Caesar (via Opera News )

E-Levy Electronic Transfer Levy IMF IMF-supported Ministry Of Finance

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