Ghana’s economic woes has nothing to do with E-Levy; just stop blowing cash – Adongo fires gov’t

Member of Parliament (MP) for Bolgatanga Central Constituency, Mr. Isaac Adongo has blasted the Akufo-Addo government and the Ministry of Finance over attempts to constantly create the impressive that the Electronic Transaction Levy (E-Levy) will solve the economic woes of the country.

In justifying the E-Levy, the Finance Minister Mr. Ken Ofori-Atta argued that it will help government raise more revenue to embark on developmental projects to better the lives of the citizenry.

Ahead of the resubmission of the levy to Parliament next week, Isaac Adongo has rubbished all attributions of the country's economic dependency on the electronic transaction levy.

According to him, government is to blame for constantly overspending.

“The issues around the Ghanaian economy has nothing to do with E-Levy. The issues surrounding the Ghanaian economy is that we are spending much more than we can raise. It is a two way process. Cut back on the frivolous, profligate expenditures so that you are able to live within your means,” Mr. Adongo who is a member on the Finance Committee in Parliament told Citi News in an interview.

The Bolgatanga Central MP continued, “You are not willing to cut the expenditure and you keep creating the impression that some 6.9 billion that may not even be realized is the reason you are in the mess. When within the period of two years you have expanded your expenditures by over GHS80 billion, you have doubled the size of your budget in just two and a half years. That is the bottom line.”

The Minister for Finance and his team will hope that when Parliament resumes sitting on Tuesday, January 25, 2022, the Minority and the Majority will reach a consensus that will lead to the approval of the controversial E-Levy.