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E-Levy: Bawumia Must Speak Up – Jantuah
The Chief Executive Officer African Energy Consortium Limited, Kwame Jantuah has admonished the Vice President, Dr Mahamudu Bawumia to speak up with regards to the controversial E-levy.
Mr Jantuah believes that since the e-levy hinges on digitalisation, it will be prudent to hear from the Vice President who is championing the digitalisation agenda.
Speaking on TV3’s the Key Point program he asked “Why is the Vice president silent,”
He further noted that whether or not the e-levy proposal is accepted, the government still wins.
“Whether they put e-levy on it or they don’t, government wins. So, they put a levy on MoMo, Ghanaians decide we are not going to do MoMo. Two things, they might either keep their money under their bed or they will revert to the banks. If they revert to the banks, who borrows from the banks? Who do the banks want or likely to loan money to?
“Is it the private sector or government? It is government. So, if people put their money back to the banks, government goes to the banks, loan moneys from the banks because the banks know that it is guaranteed that government will pay, and what does that do to the private sector as the engine of growth? It collapses because these same banks don’t give private sector the money. so either way government wins.
