Ghanaian social media users happy over E-levy target shortfalls

Social media users have gone agog over speculations that the Electronic Transfer Levy (E-levy) is not meeting government’s expectations.

A leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, has disclosed that the e-levy has generated less than ¢60 million, close to two months after its implementation.

He said government was expecting about ¢600million.

“What options are open to the 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 said in a tweet on Monday, June 27.

To skeptics, it will be bad if the government decides to now go to the International Monetary Fund for money.

Meanwhile groups has called on Ghana’s Ministry of Finance to take immediate steps to scrap the Electronic Transaction Levy (E-Levy) to alleviate the unbearable hardships being experienced by Ghanaians.

The group made up of members of several opposition political parties in the country and citizens unhappy about the current economic situation in the country concluded a two-day demonstration in Accra today.

Having made a stop at the Ministry of Finance, the leading members of the group presented a petition to the two Deputy Ministers for Finance; Abena Osei Asare and Hon. John Kumah.

While presenting the petition, Bernard Mornah who is a leading member of Arise Ghana argued for the scrapping of the E-Levy, insisting that it is syphoning the capital of Ghanaians and confiscating the savings of the citizenry.

After receiving the petition, Deputy Finance Minister Abena Osei Asare assured the protesters that the government is committed to addressing all their grievances.

She disclosed that the government is already engaging various stakeholders on ways to bring down the high cost of living in the country.