Social media users have gone agog over speculations that the Electronic Transfer Levy (E-levy) is not meeting government’s expectations.
A leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, had disclosed that the Electronic Transactions Levy (e-levy) generated less than ¢60 million; close to two months after its implementation.
He said government was expecting about ¢600million.
“What options are open to the government? The question should rather be: what option, if adopted, will re-inject investor confidence in our economy? Even if we find the $3-5 billion required, will that help? E-levy which was to have given us some 600m by now has done less than 60m,” he said in a tweet on Monday, June 27.
In less than 24 hours, social media has gone agog over Mr Otchere-Darko’s revelation.
As many jubilated that the populace have silently resisted the levy, others were quite cynical.
To skeptics, they believed it was a mundane means the government is employing to turn to the International Monetary Fund (IMF) for more money.
“How come the E-levy that was raking in GH₵1 million daily from a single charging entity, fail to push beyond 10% of the target?” a social media user quizzed.
Meanwhile, others have taken a dig at government for the implementation of the E-levy.