E-Levy Is Nationalist Instrument For Development — Buaben Asamoa
|
Listen to this article
Getting your Trinity Audio player ready...
|
The governing New Patriotic Party NPP has said the Electronic Transaction Levy is a nationalist instrument for development and as such calls on the Minority in parliament to approve the bill.
The party believe the bill will help mobilize more revenue for the government while reducing the ballooning debt situation.
The National Communications Director for the NPP Yaw Boaben Asamoa said this during a press engagement on the Electronic Transaction Levy bill held in Kumasi on Friday, February 18, 2022.
He noted that the implementation of the E-levy will help generate internal revenues devoid of high rate interest which will be channelled into productive sectors of the economy.
Do you want the best Odds? Click Here
Mr Boaben Asamoa added that the huge mismatch between revenue generation and infrastructure needs was not sustainable if the country was to accelerate its economic transformation agenda within the shortest possible time.
He however challenged the Minority in Parliament to support the policy if indeed they have good intentions for the future of Ghana.
He explained that the proposed e-Levy when approved will transform the Ghanaian economy and in effect protect the vulnerable.
The e-levy which was introduced by the incumbent government in its 2022 budget is to be rolled out after parliament’s approval ensuring that Ghanaians are taxed on their electronic transactions.
The e-levy has been met with strong opposition from the Minority in Parliament as they have vehemently kicked against its approval.
By:peacefmonline.com
