![\"\"](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/11\/fuygb-696x464.jpg\" "\\"Finance")
A former Member of Parliament (MP) for New Juaben South, Mark Assibey-Yeboah, has disputed the government\u2019s claims that the introduction of the Electronic Transaction Levy (E-levy) is the solution to generating more revenue to resuscitate the economy post-Covid-19.<\/p>\n
According to the New Patriotic Party (NPP) politician, the government should halt the E-levy bill\u2019s passage and consider seeking financial support from the International Monetary Fund (IMF).<\/p>\n
He stressed that so many exemptions could make it difficult for the government to achieve its \u00a26.9 billion target.<\/p>\n
\u201cIf I was the Finance Minister, I will be convincing the President that it is about time we went back [to IMF]. In my estimation, the maximum amount we can get from the E-levy is \u00a25 billion, which is less than a billion dollars.<\/p>\n
<\/p>\n \u201cSo I do not think that the E-levy is going to be a panacea to our revenue. Going to the IMF will ensure some stability, and above all, we are going to get some $3 billion,\u201d he told Accra-based Citi FM.<\/p>\n The nation has been divided on the proposed E-levy since Finance Minister, Ken Ofori-Atta, announced it in November 2021.<\/p>\n The tax policy seeks to add a 1.75 per cent charge on every electronic transaction over \u00a2100.<\/p>\n Government is, however, struggling to pass the controversial bill due to strong opposition from the National Democratic Congress.<\/p>\n The Minority argues that the imposition of the tax will heighten the sufferings of the ordinary Ghanaian.<\/p>\n However, the government maintains that E-levy is the \u201chomegrown\u201d technique to restore the economy badly hit by the Covid-19 pandemic.<\/p>\n <\/p>\n![\"MP](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/02\/mark-assibey-Copy.jpg\")