E-levy is not panacea to revenue shortfall; go to IMF – Mark Assibey-Yeboah

    A former New Juaben South MP, Mark Assibey-Yeboah, has disputed government’s claims that the introduction of the Electronic Transaction Levy (E-levy) is the solution to generating more revenue to resuscitate the economy post-Covid-19.

    According to the New Patriotic Party (NPP) politician, government should halt the E-levy bill’s passage and consider seeking financial support from the International Monetary Fund (IMF).

    He stressed that so many exemptions could make it difficult for government to achieve its ¢6.9 billion targets.

    “If I was the Finance Minister, I will be convincing the President that it is about time we went back [to IMF]. In my estimation, the maximum amount we can get from the E-levy is ¢5 billion, which is less than a billion dollars.

    “So I do not think that the E-levy is going to be a panacea to our revenue. Going to the IMF will ensure some stability, and above all, we are going to get some $3 billion,” he told Accra-based Citi FM.



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