Sign in
Download Opera News App

News Politics

 

Politics

 

Africa politics

E-levy Alternatives: Here Are Two Ways Government Can Use To Avoid The E-levy

The debate on the controversial Electronic Levy ( E-Levy), is still on. Wiles the New Patriotic Party (NPP) caucus in Parliament, are pushing to approve it, the National Democratic Congress (NDC) caucus is also fiercely resisting its passage. 

During the recent Town-hall meeting held in Koforidua on the Electronic levy, Ken Ofori Atta (the Financial Minister), Honorable Ursula Owusu (Minister for Communication and Digitization), Honorable Kojo Oppong Nkrumah (Minister of Information), and the Deputy Majority Leader in Parliament-Honorable Alexander Afenyo-Makins defended the levy, saying it is the financier badly needed to fix many of our developmental needs.


Educating Ghanaians on the Electronic levy, also known the the Mobile money tax, the Minister of Finance-Ken Ofori-Atta enlisted the following transactions, that will be affected by the e-levy; Mobile money transfers from an account on one EMI to a recipient on another EMI, Mobile money transfers between accounts on the same electronic money issuer (EMI), Transfers from bank accounts to mobile money accounts, Transfer from mobile money accounts to bank accounts and Bank transfers on a digital platform or application which, originate from a bank account belonging to an individual to another individual.

Mr. Ofori Atta again mentioned the following electronic transaction, that will be exempted from the 1.75% mobile money tax...Electronic clearing of cheques, Specified merchant payments (that is, payments to commercial establishments, Cumulative transfers of GHC100 per day made by the same person, Transfers between accounts owned by the same person, Transfers for the payment of taxes, fees and charges on the Ghana.gov platform, registered with the GRA for income tax and VAT purposes), and Transfers between principal, master agent and agent’s accounts.


The E-levy, is being portray by the Government as a savior for the ailing Ghanaian economy. But assuming it is passed in Parliament, the projected amount to be generated from it is is 6.9 billion cedis; this is a far cry from a total of a 105 billion cedis, Government is expected to generate to meet it expenditure needs.

In Ghana today, some Ghanaians and political experts, are wondering why the Nana Addo-Bawumia government is still insisting on passing the E-levy, despite the intense opposition from the Minority in Parliament and the Ghanaians public?


What some Ghanaians wanted to know from the Nana Addo-Bawumia government is that, why is the Ghanaians economy so much depending on the E levy? Why is the government not ready to go to the IMF for a bailout?


In each passing day; even before the levy is pass, people in Ghana and on social media are kicking against it.


I asked... if we dont pass the e-levy, would we as a country fall in a deep hole of financial debt, bankruptcy and hardship, which will lead to our doom as the Finance Minister is revealing?


Again I ask...is there no other alternative the government can fall on, to save Ghana from the frightening pictures the Nana Addo-Bawumia and Ken Ofori Atta's government is trying to paint?

The answer is yes...there are two important ways...two sure alternatives Ghana need to fall ...on beside the e-levy. These are tackling corruption and and the wastage in our system.


Currently in my view, for the Nana Addo-Bawumia Government to be able to save the dying economy...they need to dealing with the massive wastage and corruption in the country. 


Today, it has emerged that, state own enterprises reported a 5.3 billion cedis loss in their operation in the year 2020. When the government is able to tackle this loopholes...they can save the economy, and help avoid the introduction of the e-levy.

Please share your views in the comment box below.


Remember to follow this page for more upcoming updates.

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

Electronic Levy Ken Ofori Atta Kojo Oppong Nkrumah Mobile Ursula Owusu

COMMENTS

Load app to read more comments