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, had disclosed that the Electronic Transactions Levy (e-levy) 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.
In less than 24 hours, social media has gone agog over Mr Otchere-Darko’s revelation.
As many jubilated that the populace have silently resisted the levy, others were quite cynical.
To skeptics, they believed it was a mundane means the government is employing to turn to the International Monetary Fund (IMF) for more money.
“How come the E-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 quizzed.
Meanwhile, others have taken a dig at government for the implementation of the E-levy.
Latest Stories
-
Retain Afenyo-Markin as NPP leader, he has experience – Deputy Speaker
2 minutes -
Kufuor didn’t leave behind a strong economy – Fifi Kwetey
6 minutes -
It won’t be business as usual, remain humble – Fifi Kwetey to party members
60 minutes -
Ebenezer Ahumah Djietror appointed as new Clerk to Parliament
2 hours -
Actress Benyiwaa of ‘Efiewura’ TV series dead
2 hours -
Ashanti Regional Chief Imam dies at age 74
3 hours -
Africa Arts Network calls for tax reform to save Ghana’s theatre industry
3 hours -
SSTN Ghana Chapter reaffirms commitment to economic growth under new leadership
3 hours -
Inlaks strengthens leadership team with key appointments to drive growth across sub-Saharan Africa
4 hours -
Green Financing: What Ghana’s Eco-startups need to know
4 hours -
CHAN Qualifiers: Amoah confident of beating Nigeria
4 hours -
Governments deprioritising health spending – WHO
4 hours -
Lordina Foundation brings Christmas joy to orphans
4 hours -
Yvonne Chaka Chaka to headline ‘The African Festival’ this December
4 hours -
Nigerian man promised pardon after 10 years on death row for stealing hens
4 hours