Yaw Buaben Asamoa, the New Patriotic Party's (NPP) director of communications, has stated that the decision to approach the IMF will not result in the e-cancellation. levy's
According to him, Ghana's revenue flows won't be replaced by the IMF programme.
Some observers, like Mr. Benjamin Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), argued the e-levy ought to be eliminated once it was revealed that Ghana was looking for IMF assistance.
The failure of the e-levy was crystal clear from the start, according to Mr. Boakye, who was a guest on TV3's New Day show with Berla Mundi on Monday, July 4.
When asked if the government's choice to consult the IMF should result in the cancellation of the e-levy, Mr. Boakye responded, "The e-levy, we warned government it wasn't going to work from the start and they didn't listen. It's one of the factors that contributed to our realisation that we only receive 10% when we woke up one morning.
"It is a simple economic reality that the impoverished have more energy to fight back when you try to tax them. You would much prefer see the impoverished become large and start paying taxes. If you look at our Gross Domestic Product (GDP), the formal sector accounts for 71% of it. That indicates that the formal sector is where the leaks are occurring.
Therefore, trying to spend additional money to target the 30% of the poverty class will not result in income. The facts, which the administration refused to examine, make it plain.
He said, "I think that has to go.
However, Mr. Buaben Asamoa, a former MP for Adentan, remarked on the newspaper review portion of the New Day show with Johnnie Hughes on TV3, Monday July 4, "we will not cancel it, we will not cancel the e-levy because we need to calibrate it carefully and see how it will operate." Although it has just been a month, going to the IMF does not guarantee that it will replace our revenue streams.