General

IMF Program: Scrap E-levy – Ablakwa tells Govt

Samuel Okudjeto Ablakwa, a member of parliament for the North Tongu seat, has requested that the controversial Electronic Transaction Levy (E-levy), which benefits the IMF, be eliminated.

You might remember that one of the arguments used to persuade Ghanaians to pay the e-levy was that doing so would prevent us from contributing to the Fund.

However, according to a tweet from Gabby Asare Otchere Darko, the estimated GHc 600m has not been reached.

Scrap E-levy – Ablakwa tells Govt

“What options are open to government? The question should rather be: what option, if adopted, will re-inject investor confidence in our economy? Even if we find the $3-5 billion required, will that help? E-levy which was to have given us some 600m by now has done less than 60m,” he tweeted.

Read Also;

President Akufo-Addo’s tenure as Ecowas Chairman ends

IMF Team To Arrive In Accra This Week To Begin Assessment – Oppong Nkrumah

Subsequently, on Friday, 2nd July, 2022 government announced its decision to go back to the International Monetary Fund (IMF) to support its economic programme.

Reacting to this on his Facebook page, Okudjeto Ablakwa wrote: “You gave Ghanaians two options: E-Levy or IMF.
Having opted for the IMF, any honest government will scrap the unconstitutional and repugnant E-Levy immediately”.

“Perhaps the only positive outcome of an IMF bailout is that they wouldn’t allow President Akufo-Addo to obstinately continue with his insensitive, wasteful, oligarchic €20,000 an hour chartered luxury jet travels which have cost the suffering taxpayer over GHS34million in 13 months” he added.

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

Related Articles

Leave a Reply

Back to top button