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E-levy: It’s A Win/Win for Government Whether It’s Passed Or Not – Jantuah
The Chief Executive Officer African Energy Consortium Limited, Kwame Jantuah has said whether or not the e-levy proposal is accepted, the government still wins.
Speaking on TV3’s the Key Point program he said “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.
