Government has turned deaf ears to counsel, says Duffuor

The former governor of the Bank of Ghana Dr Kwabena Duffuor says the NPP government has managed to force the Electronic Transfer Levy law on Ghanaians.

He argues government turned a deaf ear to wise counsel from economic experts including himself.

“The NPP has progressed in their passage of the unpopular E-Levy bill. May it be on record that despite the hardship of the Ghanaian people and disaffection for the E-Levy, the NPP ignored these concerns and added to our tax burden,” he said.

Some Ghanaians have expressed anger following the passage of the law in Parliament on Tuesday

Speaking to Starr FM ahead of the IFS’s forum on domestic revenue mobilization mode, Dr. Duffuor said, “Currently in Ghana, foreign interests are largely the main beneficiaries of our extractive sector at the expense of Ghanaians who benefit from very little revenue from our natural resources”.

He also added. ‘’we must start looking at the sector we have ignored over the years – the extractive sector. A well-managed natural resources centre has emerged as the safest route to prosperity in many developed countries such as the USA, UK and Germany. We must go back and renegotiate our mining agreements for higher revenues rather than stick to colonial agreements to the detriment of our people”.

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