Gabby Asare Otchere-Darko, a prominent New Patriotic Party member, has voiced discontent with the present state of money collecting in the country.

Despite the fact that the Electronic Transfer Levy (E-Levy) was enacted in March 2022 and implemented in May of the same year, he claims that the tax policy is only earning 10% of the funds that the government expected to generate.

Gabby Asare Otchere-Darko stated in a series of tweets on Monday, June 27, 2022, that Ghana’s revenue generating is still quite low in comparison to the rest of the world.

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In addition, he bemoaned the country’s growing debt, which had reached 391.9 billion Ghana cedis by the end of March 2022.

“After 5 months of stalemate and bashing, the e-levy, after implementation, is delivering only 10% of estimated revenues; our revenues remain very low as compared to the rest of the world; debt levels dangerously high, cedi, like most currencies, struggling against the US dollar,” he wrote.

President Akufo-Addo signed the E-Levy into law despite objections from Ghanaians, the minority in parliament, civil society groups, and other stakeholders.

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Despite complaints that the tax shift is regressive and would undermine progress toward a cashless economy, the administration believes it is necessary to address revenue deficits and enhance revenue mobilization and economic management.

Source: Dklassgh.com

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