Kwame Jantuah , the Chief Executive Officer of the African Energy Consortium, has quizzed the loud silence of Vice President Dr Mahamudu Bawumia over the controversial E-levy proposal in the 2022 Budget Statement and Economic Policy.

According to him, since the E-levy seems to have hinges on the Digitalisation agenda Vice President Dr Mahamudu Bawumia has been leading for a while now, it will be good to hear from him about the E-levy.

He stated that “whether they put e-levy on it or they don’t, government wins. So, they put a levy on MoMo, Ghanaians decide we are not going to do MoMo. Two things, they might either keep their money under their bed or they will revert to the banks. If they revert to the banks, who borrows from the banks? Who do the banks want or likely to loan money to?”

“Is it the private sector or government? It is government. So, if people put their money back to the banks, government goes to the banks, loan moneys from the banks because the banks know that it is guaranteed that government will pay, and what does that do to the private sector as the engine of growth? It collapses because these same banks don’t give private sector the money. so either way government wins.”

“But I feel that if it so happened that initially before they start to think about e-levy they had consultations with civil society , stakeholders and all maybe it would have been more acceptable than it is now.”

He however challenged the Vice President to rise up to the occasion to speak about the controversies surrounding the E-levy and let Ghanaians know his thoughts about the levy.

Source: InsiderGH.com

           

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