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Krachie East MCE: E-Levy is an effective tool to revive Ghana’s economy

MCE for Krachie East in the Oti Region, Francis Okesu

MCE for Krachie East in the Oti Region, Francis Okesu

The MCE for Krachie East in the Oti Region, Francis Okesu, has appealed to Ghanaians to accept the controversial E-Levy because it is an efficient tool to grow the over-burdened economy.

The Electronic Transactions Levy bill was introduced in the 2022 budget on mobile money transactions and other bank transfers to raise approximately GHC7 billion annually. The bill, when passed by Parliament, will introduce 1.75% tax on all mobile money transactions that will exceed GHC100.

A section of Ghanaians including the Minority in Parliament rejected the new levy, saying it will create more hardships for citizens.

Works elsewhere

Speaking to Asaase News, the Krachie East MCE said many developed countries have adopted ways to generate revenue to develop their countries and it is the same mechanism the NPP government is putting in place to have a robust economy.

“The same mechanism was used by MTN, which no Ghanaian can say is owing MTN because once you make a transaction, they will take their tax from it unlike Electricity Company of Ghana, which many Ghanaians are owing and still using illegal means to generate power running the company to a loss,” Okesu said.

“If we can develop this mechanism used by MTN, Ghana’s economy will become an enviable one to many countries,” he said.

According to him, the country has a lot of infrastructure shortfalls and many industries need to be expanded, but Ghana is going through a lot of economic difficulty, which is why the E-Levy needs to be passed.

“I am therefore appealing to all our honorable Members of Parliament to do the needful by accepting to pass the E-Levy,” Okesu said.

Solomon M-Ahiable

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