Home Politics Former Finance Minister Finally ‘Set The Records Straight’ Over Collateralizing E- Levy-...

Former Finance Minister Finally ‘Set The Records Straight’ Over Collateralizing E- Levy- Read Details

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The former finance minister during the tenure of the former President and the flag bearer of the largest opposition party, NDC, John Mahama has recently taken the opportunity to three more light on the finance minister, Ken Ofori Atta’ s plan of collateralizing the controversial E- levy.

Speaking in a recent interview on TV3 Network, the former finance Minister, Seth Terkper undoubtedly revealed that, collateralizing the electronic transaction levy is not a good initiative by the finance ministry and Akufo Addo government.

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In addition to this, the member of the largest opposition party, NDC, Seth Tekper revealed that, will end up causing more harm than good to future generations considering the adverse effects on the country’ s heritage fund.

” In terms of debt management, it had been a poor strategy because we only collateralize and then we leave the principle and defend it to future generations.

Meanwhile, we want to take the heritage fund from the same future generations.

I do not think it is a good solution to any of our problems; at least, it has not led to any reversal of the downgrade” , Seth Terkper emphatically revealed. In addition to this l, the professor of Finance, John Gyakye also thinks the county needs a framework to guide any decision when it comes to collateralizing revenue resources to check up use.

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Frank Oteng known professionally as Ghlagatin is a Ghanaian celebrity blogger, freelance journalist, and reporter.He is the founder of Ghlagatin.net, an entertainment website. He graduated from Accra Technical University, ATU with a National High Diploma in Interior Design.

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