Minority’s position against E-levy scaring away investors – Ofori-Atta

Finance Minister Ken Ofori-Atta has said that the position taken by National Democratic Congress (NDC) Members of Parliament against the E-levy is scaring away investors from the country.

Mr Ofori-Atta said also that it is affecting the implementation of government porgramme.

Announcing key economic measures to deal with the current challenges facing the economy on Thursday March 24, Mr Ofori-Atta said “Parliament will approve the 2022 budget , appropriation and its expenditure plans and turn to vote against one of the key revenue measures that was being introduced, E-levy.

“The stance of the Minority in Parliament against the E-levy would gravely affect investor confidence and our capacity to to implement our programmes.”

The Minority, in opposing the E-levy said the policy proposal in the 2022 budget statement is a disincentive to the growth of digital economy.

To that end, their leader Haruna Iddrisu said, the Minority will not support it.

Speaking at a post budget workshop in Ho on Saturday November 20, he said “Mr Speaker, understandably, we see that the Minister of Finance seeks to introduce some measures including the now popularly declared e-levy or digital levy  as some have quite named it.

“Mr Speaker, our concern is whether the e-levy itself is not and will not be a disincentive to the growth of digital economy in our country . We are convinced that the e-levy may as well even be a disincentive to investment  and a disincentive to private sector development in our country. We in the minority may not and will not support government  with the introduction of that particular e-levy . We are unable to build national consensus  on that particular matter.”

Source: 3news.com|Ghana