A financial expert has said the government\u2019s unwavering posture in having the controversial e-Levy implemented is because the country is broke.<\/p>\n According to Mr. Joe Jackson, Director of Business Operations at Dalex Finance and Leasing Company, the e-Levy is a bitter pill that must be swallowed because the country\u2019s economy is in crisis.<\/p>\n \u201cWhen some of us told them that the country is broke, they called us names\u2026some even went ahead to brand some of us nation wreckers,\u201d Mr. Jackson said on the Ghana Yensom morning show on Accra 100.5 FM on Tuesday, January 25, 2022.<\/p>\n He urged Ghanaians to brace themselves for the implementation of the controversial e-levy stressing that \u201ce-Levy is a quinine tonic that must be drunk at all cost because the country is currently broke\u201d.<\/p>\n Mr. Jackson stated that the country has long been broke before covid-19.<\/p>\n In his view, the pandemic only came to blow the cover on how broke Ghana is.<\/p>\n He akin Ghana\u2019s economic situation to an employee who earns GHS1000 as a monthly salary and has borrowed to the levels that he uses GHS500 to service the interest on his borrowings leaving the principal.<\/p>\n \u201cLast year alone, the money Ghana got by way of taxes, donations, among others, 50 per cent of all these funds were used to service interest on loans,\u201d he bemoaned.<\/p>\n He cautioned the government to be measured in borrowing for things to get better.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Financial Analyst, Joe Jackson A financial expert has said the government\u2019s unwavering posture in having the controversial e-Levy implemented is because the country is broke. According to Mr. Joe Jackson, Director of Business Operations at Dalex Finance and Leasing Company, the e-Levy is a bitter pill that must be swallowed because the country\u2019s economy is […]<\/p>\n","protected":false},"author":1,"featured_media":766465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3181,3182,2099,85,1838,3183,1500,3184],"class_list":["post-766464","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitter","tag-broke","tag-elevy","tag-ghana","tag-jackson","tag-joe","tag-pill","tag-swallowed"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/766464","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=766464"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/766464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=766464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=766464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=766464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Financial](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/01\/16713854.295.jpg\" "\\"Financial")
Financial Analyst, Joe Jackson<\/span><\/span><\/p>\n<\/div>\n