Dollar Bills

Member of Parliament for Akim Swedru, Kennedy Osei Nyarko, has opined that going to the International Monetary Fund (IMF) has never solved our Economic challenges.

His comments come after a former NPP MP advised the government to seek relief from the IMF instead of depending on the E-Levy.

A former New Patriotic Party Member of Parliament for New Juaben South, and a one-time Chair of the Finance Committee of Parliament, Dr. Mark Assibey Yeboah, has asked the government to reconsider its decision not to go back to the IMF in the face of the country’s dwindling revenues.

He argued that the government’s insistence on passing the Electronic-Transaction Levy to shore up its revenue target is not right given the existential economic challenges.

But Mr. Osei Nyarko believes going to the IMF had not helped Ghana.

According to the government, the introduction of the Electronic Transfer Levy (E-Levy), has become necessary to generate revenue to support the economy.

They also claim that the E-Levy is essential to Ghana’s COVID-19 recovery efforts.

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