The Danquah Institute’ s founder and previous executive director is Mr. Gabby Otchere- Darko (a political think tank based in Accra, Ghana). He is also a prominent figure inside the governing New Patriotic Party (NPP). In his most recent publication, Gabby revealed the ” bitter reality” regarding the contentious electronic levy (E- levy), which has been in place for nearly two months.
Gabby claims that the government’ s expectations for the existing charge on all electronic transactions (e- levy) have not been met because it has only brought in less than $60 million after over two months of introduction. Gabby Otchere- Darko disclosed in his most recent tweet that, ” How many alternatives does the government have? What option, if chosen, will restore investor confidence in our economy, should be the real question.
Will it assist even if we manage to raise the $3– 5 billion necessary? E- levy, which was supposed to have delivered us about 600m by now, has only produced about 60m ” . ” I am not supporting an IMF program that offers us crumbs, but imposes terms that will ultimately affect the poor, jobs, and businesses more, ” he continued. Covid- 19 and the Ukraine War are more to our demise than they are of African origin. A plan that acts as though it were entirely our idea will never succeed. We take action to boost our confidence in our ability to ride this heavy storm.
A 1.5 percentage tax known as the Electronic Transaction Levy (E- levy) is levied on transaction performed using electronic or digital platforms, such as mobile money transactions and bank transfers and remittances.
According to an article on the myjoyonline page, ” The majority of Ghanaians are claimed to have modified their attitudes regarding electronic funds transfer after the E-Levy went into effect on May 1st.
Research found that 83% of the population felt obligated to do to adapt to the limitations the said charge imposed in terms of their livelihoods ” concerned”.
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