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Go to IMF if e-levy is rejected – Joe Jackson to Gov’t

Financial analyst Joe Jackson has indicated that Ghana may turn to the International Monetary Fund (IMF) next year if the government fails to raise bonds and meet it’s revenue target.

Jackson who was speaking on TonTon Sansan on TV XYZ noted that the failure of the government to go on with the electronic transactions levy (e-levy) could be one of the reasons.

His comment comes at a time Parliament is struggling to approve the 2022 budget that was presented by Finance Minister Ken Ofori-Atta last month.

The Minority Caucus rejected the Budget barely 2 weeks ago which was also overturned by the Majority last week.

The situation has led to Parliament setting up a 20-member committee to see to the resolving of the impasse yet the Minority Caucus has pointed out some policies that they say will bring hardship on Ghanaians.

The e-levy is one of the policies the NDC MPs have rejected.

Joe Jackson who is the Head of Operations at Dalex Finance believes the current trend of issues means turning to IMF is imminent, advising that it will be good for the government to consider it ones some of the policies are rejected.

Recently, Information Minister Kojo Oppong Nkrumah stated that the government will turn to IMF for financial assistance if the E-levy, which is expected to raise about $1.6 billion next year, is rejected.

 

Source: Myxyzonline.com|Ghana

 

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