The Member of Parliament for the North Tongue Constituency Hon. Samuel Okudzeto Ablakwa has provided the President Nana Addo-Dankwa Akufo-Addo led Government with an alternative source to raise revenue other than the E-levy.
E-levy has become topical in the country as the Government is seeking to introduce a new tax of 1.75% on Electronic transfers and this decision has been met with a lot of opposition from citizens.
Following the strong opposition to the E-Levy, there have been many citizens that have been calling for alternative ways through which the Government can raise revenue other than the E-levy.
Hon. Samuel Okudzeto Ablakwa who represents the people of North Tongu in Parliament has provided alternative sources of raising revenue.
Read the statement from the lawmaker Hon. Samuel Okudzeto Ablakwa on how government can raise revenue.
Here’s another route for the Akufo-Addo administration to raise its desperately needed GHS6.9billion without introducing the obnoxious and regressive e-Levy:
1) Take out GHS2billion from the GHS3.1billion allocated to the Office of Government Machinery;
2) Suspend the allocation to GAT and immediately GHS1billion becomes available for government;
3) Negotiate with IPPs and reduce their allocation from GHS4billion to GHS3billion;
4) Review the nebulous GhanaCARES programme and save another GHS1billion;
5) Cut the Contingency Vote down to GHS293,007,000 and free up some GHS700million;
6) Agenda 111 remains a knee-jerk utopia, pull the brakes and save GHS518million;
7) Slash by half the allocation to the National Security Ministry and gain some GHS400million;
8)Parliament should readily sacrifice some GHS200million from its GHS600million allocation;
9) Place on hold the hazy Mortgage Financing Scheme at the Ministry of Finance and save GHS100million.
Put the above expenditure cuts together and government immediately raises a handsome GHS6.918billion which exceeds the e-Levy projections.
There is a clear alternative to the killer e-Levy if only President Akufo-Addo and his team would be sensitive to the plight of suffering Ghanaians and contain their appetite for profligacy.