{"id":1044836,"date":"2022-04-04T17:15:19","date_gmt":"2022-04-04T17:15:19","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/04\/e-levy-may-create-room-for-more-borrowing\/"},"modified":"2022-04-04T17:15:19","modified_gmt":"2022-04-04T17:15:19","slug":"e-levy-may-create-room-for-more-borrowing","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/04\/e-levy-may-create-room-for-more-borrowing\/","title":{"rendered":"E-Levy may create room for more borrowing"},"content":{"rendered":"<p><\/p>\n<div style=\"font-size: 17px;\">\n                                                   Tamale, April 04, GNA \u2013 Dr Michael Ayamga-Adongo, an Economist and Head of Applied Economics Department of the University for Development Studies says the Electronic Transfer Levy (E-Levy) may eventually create room for the government to keep borrowing.<\/p>\n<div class=\"kMultiLine\">\u202fHe explained that relentless efforts to make E-Levy work in the country was an attempt to assure investors that government had the political mandate to implement sweeping revenue measures.<\/div>\n<div class=\"kMultiLine\">\u202f He said, &#8220;this may halt investors leaving largely as we see now and possibly create room for more borrowing.&#8221;<\/div>\n<div class=\"kMultiLine\">\u202f Dr Ayamga-Adongo, who said this in an interview with the Ghana News Agency in Tamale, noted that the E-Levy would rekindle investor trust in government to keep lending to it.<\/div>\n<div class=\"kMultiLine\">\u202fLast week, Parliament passed the E-Levy bill into Act, which was subsequently assented by the President.\u202f<\/div>\n<div class=\"kMultiLine\">\u202f \u202f \u202fFollowing this, the Minister for Finance announced that the collection of the E-Levy would begin in May.<\/div>\n<div class=\"kMultiLine\">\u202f \u202f \u202fDr Ayamga-Adongo said the introduction of the E-Levy in the quest to stabilise the economy could make the country more indebted in future.<\/div>\n<div class=\"kMultiLine\">\u202f \u202f \u202fHe said, \u201cthe fact is that Ghana\u2019s sovereign spread is in thousands and our economy is designated as a debt distressed one.&#8221;<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tamale, April 04, GNA \u2013 Dr Michael Ayamga-Adongo, an Economist and Head of Applied Economics Department of the University for Development Studies says the Electronic Transfer Levy (E-Levy) may eventually create room for the government to keep borrowing. \u202fHe explained that relentless efforts to make E-Levy work in the country was an attempt to assure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3542,240,2099,5037],"class_list":["post-1044836","post","type-post","status-publish","format-standard","tag-borrowing","tag-create","tag-elevy","tag-room"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1044836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1044836"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1044836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1044836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1044836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1044836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}