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Tuesday, October 4, 2022

E-levy: Not Even 1Billion Has Been Made From The Estimated 60 Billion; Nana Akufo-Addo Must Do This

It is so sad that, the government of the Republic of Ghana, His Excellency Nana Addo Dankwa Akufo-Addo brought an initiative to raise much money to fix the country, as it has been demonstrated across the country, but majority of Ghanaians have not supported the move thus, government is not able to meet its target to fix the country.

It is believed that, the Akufo-Addo led administration made a target of GHC 60 Billion of E-levy funds a year but as it stands now, not even GHC 1Billion has been accrued, and that is barely four months of the implementation of the E-levy move.

Government has not reached its target because, most Ghanaians have pulled themselves away from electronic transactions in order to save their little monies they have suffered to make.

Some other Ghanaians are of the view that, the government will not make good use of the received funds from the Electronic levy as some funds of the nation have been misused already in the recent past, thus they will swerve the E-levy move by the government.

The economy is not getting any stronger in terms of finances this, the government must do these to improve it’s finances to fix the economy;

Mining Sector

Government must administer an eagle eye at the mining sector of the country. It is believed that, individual politicians who owns mining sites are making huge sums of money to their own advantage, thus government must step in to make such huge sums of money as well.

Most Ghanaians tend to ask where does all the mining monies go? It is a question government need to answer.

Reduce E-levy Rate

Most Ghanaians have deliberately swerved the payments of the E-levy because of the 1.5% rate which has pushed a lot of people away from paying the levy.

In order for government to reach his GHC 60 Billion target for the year, the E-levy rate must be reduced to the lowest for many Ghanaians to resume to the electronic way of transactions. Little drops of these taxes will make a mighty nation, is better than pinning the rate at 1.5% to push Ghanaians away from paying E-levy.

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