The MP for North Tongu, Samuel Okudzeto Ablakwa, has asked government to scrap the Electronic Transfer Levy (e-levy) following the decision to engage the International Monetary Fund (IMF) for economic support.
In a tweet, the legislator contended that government gave Ghana two options: to implement the e-levy or resort to an IMF programme. Therefore, government should scrap the e-levy if it has decided to go to the IMF.
"You gave Ghanaians two options: E-Levy or IMF. Having opted for the IMF, any honest government will scrap the unconstitutional and repugnant E-Levy immediately," he stated.
You gave Ghanaians two options: E-Levy or IMF.
— Sam Okudzeto Ablakwa (@S_OkudzetoAblak) July 1, 2022
Having opted for the IMF, any honest government will scrap the unconstitutional and repugnant E-Levy immediately.
He also stated that "perhaps the only positive outcome of an IMF bailout is that they wouldn’t allow Prez Akufo-Addo to obstinately continue with his insensitive, wasteful, oligarchic €20,000 an hour chartered luxury jet travels which have cost the suffering taxpayer over GHS34million in 13 months."
Perhaps the only positive outcome of an IMF bailout is that they wouldn’t allow Prez Akufo-Addo to obstinately continue with his insensitive, wasteful, oligarchic €20,000 an hour chartered luxury jet travels which have cost the suffering taxpayer over GHS34million in 13 months.
— Sam Okudzeto Ablakwa (@S_OkudzetoAblak) July 1, 2022
A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1, 2022, indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying government’s decision to engage the Fund.
“The President of the Republic, Nana Addo-Dankwa Akufo-Addo, has authorised Finance Minister, Ken Ofori-Atta, to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the Government of Ghana.”
Cabinet at a meeting on June 30, 2022, supported government’s decision to pursue an economic programme from the Fund.
The engagement with the IMF, the statement pointed out, will seek to provide a balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the COVID-19 pandemic and, recently, the Russian-Ukraine crisis.
Latest Stories
-
FIFA Club World Cup 2025: Sundowns, Esperance join Al Ahly and Wydad as CAF representatives
3 hours -
CAFCL: Al Ahly set up historic final with ES Tunis
3 hours -
We didn’t sneak out 10 BVDs; they were auctioned as obsolete equipment – EC
7 hours -
King Charles to resume public duties after progress in cancer treatment
7 hours -
Arda Guler scores on first start in La Liga as Madrid beat Real Sociedad
8 hours -
Fatawu Issahaku’s Leicester City secures Premier League promotion after Leeds defeat
8 hours -
Anticipation builds as Junior Speller hosts nationwide auditions
8 hours -
Etse Sikanku: The driver’s mate conundrum
9 hours -
IMF Deputy Chief worried large chunk of Eurobonds is used to service debt
9 hours -
Otumfuo Osei Tutu II celebrates 25 years of peaceful rule on golden stool
9 hours -
We have enough funds to pay accruing benefits; we’ve never missed pension payments since 1991 – SSNIT
10 hours -
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
10 hours -
Liverpool agree compensation deal with Feyenoord for Slot
10 hours -
Ejisu by-election: There’s no evidence of NPP engaging in vote-buying – Ahiagbah
10 hours -
Ejisu by-election: Independent ex-NPP MP’s campaign team warns party against dubious tactics
11 hours