E-LEVY AND ITS UGLY HEAD - By Richard Kumadoe
The mere mentioning of the tax E-levy raises the body temperature and creates arguments among brethren and kindreds in the inner cities, not forgetting the concerns and the uncertainty that awaits frontline Mobile Money users and businesses in the coming days
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The mere mentioning of the tax E-levy raises the body temperature and creates arguments among brethren and kindreds in the inner cities, not forgetting the concerns and the uncertainty that awaits frontline Mobile Money users and businesses in the coming days.
It is one of the retrogressive taxes I have seen in recent years.
At a time when job creation has become a major headache for governments across the globe, and the global economy is struggling to maintain stability, any economic policy that leads to the closure and collapse of businesses, and throws individuals out of jobs will not be a laudable strategy to embrace by any government.
In line with that, some African and international governments are busy rectifying their budgets and making some slim margins of resources available for the purposes of cushioning and subsidizing essential commodities like fuel and food items purchased for their citizens.
Burdensome economic hardships which is a direct state economic policy could lead to agitation, and uneasiness in the public space, and it should be avoided at all times.
Unfortunately, this E-levy wahala in its current form doesn't seem to be in good taste, and the public rejection is something government and policy implementation committees would have to reconsider if the objective is to persuade and carry everyone (citizens and businesses) along in the decision making processes that leads to economic growth and development.
Care and thoughtfulness, effective and prudent economic management of national resources would be a more viable option for governments and central critical decision making fellows to seriously consider in moments of difficulties and heady complexities.
May God bless our homeland Ghana, and make us stronger and more prosperous.
By Richard Kumadoe
Fraud Preventions Expert and Security Consultant.
+233-2485-33466
