An Financial analyst with the University of Ghana Business School, Master Mensah has disposed of claims that the nation is headed for fate without the Electronic Transaction Levy (E-levy).
Concurring to him, the nation would certainly flourish without the e-levy.
Talking in an meet on Bliss FM’s GhanaConnect on Friday, Teacher Mensah said the Finance Minister’s statement that “there will be an financial fiasco in case e-levy falls flat to go through” is distant from the truth.
The Fund Serve, Insight Ofori Atta at a Town Corridor assembly on the e-require held on Thursday, shown that a desperate financial result is standing by Ghana in the event that the E-Levy Charge falls flat to pass.
He stressed that financial picks up made by government in later a long time will slow down in the event that Ghanaians do not back the activity.
“In case we wear’t do this E-levy, we are fair pushing ourselves in a way that would potentially conclusion up in such a fiasco. There was a caution of that since last week was a really troublesome week for the nation,” he said.
The Finance Minister pointed out that the nation needs the levy to extend her financial fortunes; thus, Ghanaians ought to be enthusiastic approximately the approach because it will allow us approximately ¢6.9 billion.”
But Prof. Mensah stressed that the e-exact, “whether passed or not will not have much affect on this economy.” This, he said is since the consumption of the economy has been expanded by 30 billion and over, including that the income of the economy would too increment by the same edge.
He famous that the e-require would as it were make a few kind of ‘political free space in investing’ subsequently the thrust for it to be endorsed.
“Looking at the consumption side of the budget, I cruel clearly, you'd see that there are a few things that have been expanded, but at that point too there's an thing called others, which is the 7 billion. Let’s say that's gulping the continues from the e-exact. Presently in case you take this into point of view, it gives you the picture that the e-exact is something that's coming to, pardon my dialect, advance that kind of political free investing,” he said.
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