We are in a difficult situation; E-Levy will revive the economy

President Nana Addo Dankwa Akufo-Addo

The electronic transaction tax would make a significant contribution to revenue mobilization and management of the national economy, according to President Akufo-Addo.

On Tuesday, a unilateral House passed the 1.50% electronic levy after members of the minority staged a walkout.

But while delivering the state of the nation address on Wednesday, President Akufo-Addo thanked parliament for passing the bill, adding that the country is in dire straits and needs revenue to develop. .

“Mr. Speaker, despite the lengthy and sometimes acrimonious nature of the deliberations, I am pleased that the House has finally found it possible to pass the electronic levy bill. I believe the tax will make a significant contribution to revenue mobilization and management of the national economy, and I would like to thank Members of Parliament for making this possible.”

The President added that “the road to recovery will be difficult and long, Mr. President, but we have started on a good footing by accepting that we are in a difficult situation and are making the difficult decisions that will allow us to get out of it.

“If anyone ever had doubts about the need to be self-reliant, the point has now been forcefully forged to us. The pursuit of the Ghana Beyond Aid agenda is even more compelling now.

“I have no doubt that we have within us the ability to build the Ghana of our dreams. I saw the spirit of unity and the willingness to help each other when COVID hit. We watched over each other.

“I saw the sense of enterprise and innovation of Ghanaians. I saw our manufacturers quickly adapt their factories to produce sanitizers and our tailors also quickly showed innovation for which they had always been known, by turning face masks into fashion items”.

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