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E-levy Failing To Deliver- Gabby Otchere-Darko Hints

A leading member of the New Patriotic Party (NPP) Gabby Asare Otchere Darko has given indications that the government might consider going to the International Monetary Fund (IMF) to revitalise the economy in orderto boost investors confidence as a result of the controversial Electronic Transfer levy (e-levy) not delivering as expected. He disclosed of how they are disappointed in how much revenue the E-Levy has been generating so far.

Gabby Otchere-Darko, has disclosed that the Electronic Transactions Levy (e-levy) has generated less than ¢60 million, close to two months of its implementation in which the government was expecting way much bigger than what is coming. He made this known through his Twitter as he laid down figures and facts. Concerning the implementation of the E-levy, the government expected that to solve some of the countries crisis and helps build the nation.

 “After 5 months of stalemate and bashing, the e-levy, after implementation, is delivering only 10% of estimated revenues; our revenues remain very low as compared to the rest of the world; debt levels dangerously high, cedi, like most currencies, struggling against the US dollar,” he said. He went ahead to explain why we might go for help from the IMF if possible. And as we all know, by going for help from the IMF will lead to cancellation of projects like the Free education, NABCO and many more.

"I'm not for an IMF program that tosses peanuts at us yet forces conditions that will wind up harming poor people, occupations and organizations more. Coronavirus and War in Ukraine are not of Africa's doing but rather more to our destruction. A program that imagines it is all our doing is ill-fated to come up short." Now let’s check out for photos of the tweet;

This coming from such a person throws light on how bad our economy has reach. We hope we get back on track as soon as possible.

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

E-levy Electronic Transactions Levy Gabby Otchere-Darko NPP New Patriotic Party


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