Super regressive E-Levy will impose unbearable hardship on Ghanaians – NDC MP
“This is a super regressive tax that will impose unbearable hardship, pain and suffering on poor Ghanaians. We are aware that most merchants and ordinary Ghanaians use mobile money wallets as savings accounts , therefore, any attempt to impose a tax on mobile money transactions will be a tax on savings, a disincentive to savings, which should never be encouraged.
“I venture to say that this electronic levy will introduce more inefficiencies into the Ghanaian economy than ever before,” he told Accra-based Kingdom FM.
The NDC MP also attacked the government insisting that the Ghanaian economy needed help and urged the government to seek outside help to address the country’s economic challenges.
“We have to make difficult choices in dealing with this economic malaise. The choice of treating the disease ourselves with local medicines (local policies) or seeking the advice of an external medical expert (hospital visit , IMF).However, the most critical problem is the right drug and the right dosage…If one is not careful, Ghana will go straight to the intensive care unit (HICU),” he said. note.
“I also urge Minister [of Finance]to ignore politics and save Ghana by seeking external assistance through the G20 Common Framework beyond the Debt Service Suspension Initiative (DSSI) to deal with our over-indebtedness,” he said. he added.
He argued that the directive could affect the prices of goods and services in the country.