We cannot continue to live on foreign savings, e-levy is a nation building policy – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo

His Excellency Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana says, Ghanaian through government of Ghana cannot continue to live on foreign savings as the only mean of developing the country.

The sitting president explained that, the electronic transfer levy proposal will presents an opportunity for every Ghanaian citizen to contribute positively towards the nation building.

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President Nana Addo Dankwa Akufo-Addo, who was speaking at the Labour Conference at Kwahu-Nkwatia in the Eastern Region of Ghana on Monday, 28th February, 2022 indicated that, the E-levy policy proposal is such an innovative fiscal measure which will help improve Ghana’s tax to Gross Domestic Product (GDP) ratio on an equitable basis.

Addressing the gathering, Nana Addo Dankwa Akufo-Addo said, “We cannot continue to allow less than 10%, specifically 7.8%, that is, 2.4 million people of the population to carry the direct tax burden of 30.8 million people. We must provide an opportunity for every Ghanaian to contribute towards nation building.”

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“The proposed e-levy is such an innovative fiscal measure which will help improve our tax to GDP ratio on an equitable basis. I believe strongly that it is in the public interest that it should be enacted into law. We cannot continue to live on foreign savings,” Akufo-Addo explained.

SOURCE: Coverghana.com.gh

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