E-levy is not the saviour of Ghana’s economy.
The Ghanaian economy has been in distress for sometime now. Things are not going well. Fuel prices keep rising frequently with its attendant increase in the price of goods and services.
There is no single solution that can solve our current economic woes. It will take a consistent and pragmatic approach to save our ailing economy.
With respect to the fuel price, there are components that can’t be controlled by government.
Components like exchange rate and the price of crude oil are external factors. But the other component such as taxes imposed on petroleum products can be controlled to drive the price down.
These taxes should be reduced. That is what government needs to do but are reluctant. Government budgeted using crude oil price of 62 dollars per barrel.
Prices on the international market has gone above 100 dollars so government has some windfall there which should be used to cushion consumers but that is not being done.
Also there are a lot of loopholes in the system that must be plugged. The Auditor Generals report has some huge amounts that remains unaccounted for.
Why is government not going after this monies? They are fixated on the e-levy.
The current posture of government is not helping issues at all. They are behaving as if the controversial e-levy is the panacea to all our economic problems.
They are always trumpeting that without the levy government can’t do anything. Public sector workers have not being paid their march salaries.
There is a rumour going around that the Controller and Accountant Generals Department has paid salaries but there was an order from the top echelons of government directed at financial institutions to halt salary payments until further.
I am beginning to wonder the motive behind this directive. Is it to force Ghanaians to accept the e-levy? Only time will tell
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