E-Levy Neither Sufficient Nor Viable – Mahama

Former President John Dramani Mahama says the Akufo-Addo led government’s “last hope”, in the name of Electronic Transactions Levy (E-levy) is not adequate nor is it viable as a sustainable response to the country’s economic doldrums.

The NDC 2020 presidential flag bearer conceded that urgent intervention is required to avert a total collapse of the economy, however, disagrees with the approach of the government.

“Like one drowning and yet clutching at a mere straw to stay afloat, this government has banked all its hopes on the E-Levy, which, given the gravity and depth of the problems that have beset our economy, is neither adequate nor viable as a sustainable response to the crisis.”

He suggested that the government must replicate the Senchi Economic Forum of his government to tap into the brains and expertise of a wide variety of knowledgeable people and stakeholders.

“The knowledge shared at Senchi crystallized into our Homegrown Fiscal Consolidation Programme, which we eventually presented to the IMF for support. The IMF agreed entirely with our homegrown strategy whose implementation restored stability to the economy and laid the strong foundations that this government, just as the World Bank in 2016 forecasted, profited from between 2017 and 2020”, the former president posted on Facebook.