Social media users are up in arms over claims that the Electronic Transfer Levy (E-levy) is falling short of government expectations.
Nearly two months after its introduction, a prominent member of the New Patriotic Party (NPP), Gabby Otchere-Darko, reported that the Electronic Transactions Levy produced less than 60 million.
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He said that the government anticipated around 600 million cedis.
“What choices are accessible to the government? The issue should rather be: what alternative, if accepted, would re-inject investor confidence in our economy? Even if we discover the $3-5 billion necessary, would it help? Electronic levy which supposed to have provided us around 600m by now has done less than 60m,” he wrote in a tweet on Monday, June 27.
Mr. Otchere-Darko’s announcement sparked a social media frenzy in less than 24 hours.
Many were ecstatic that the population had fought the tax in silence, while others were rather skceptical.
According to detractors, the government’s recourse to the International Monetary Fund (IMF) for extra funds is a commonplace strategy.
“How come the Electronic levy that was raking in GH₵1 million daily from a single charging entity, fail to push beyond 10% of the target?” a social media user questioned.
Others, however, have criticized the administration for implementing the E-levy.
SOURCE: myjoyonline
