A teacher of Finance at the University of Ghana (UG), Legon, Prof. Master Mensah says the public authority's choice to carry out the Electronic Transaction Levy (E-Levy) was an attempt and mistake move.
Sharing his contemplations on the U-go to the International Monetary Fund (IMF) following the disappointment of the E-Levy to round up the normal income, the Finance specialists add that it is a demonstration of strategy vulnerability with respect to the supervisors of the economy.
"I knew clearly that E-demand was another thing that is being presented onto the portable stage and it will confront responses from the clients of the stage. Yet, the public authority continues to move the goal line. The public authority gave us two choices and for monetary administration you generally have choices.
"For reasonable and ideal administration, what you do is that you are dealing with the economy. You select the most ideal choice to expand the utilization of that choice. Really we had the choice of going to the IMF. Talking on the E-demand, since they individuals making due, they talk by the numbers and the projections that will incline toward the economy.
"I accept that when they chose the E-demand and in the end that ought to have the option to help us however at that point to pivot and come to let us know that you are going to the IMF in no less than a month of the presentation and execution of the E-demand it produces what we call strategy vulnerability," Prof. Ruler Mensah told Starr News in a meeting.
As per him, the attempt and mistake approach combined with the strategy vulnerability was never going to address the financial difficulties confronting the country.
Demanding that he isn't astounded the public authority is drawing in the IMF for help, Prof. Master Mensah says he is anticipating that the IMF should come in and restrain the blunder of the economy.
He anyway laments the way that having consequences is going.
"This financial energy isn't yielding whatever is required from the economy. So the IMF will come and hush up and during the time spent quieting down it will affect this economy," Prof. Master Mensah added.
From the data accumulated today, authorities from the IMF will show up in Ghana on Wednesday, July 6, 2020, to start commitment with the public authority.
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