• About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, March 30, 2023
Radio For Peace and Development
  • Home
  • News
  • Local
  • Politics
  • Business
  • Entertainment
No Result
View All Result
  • Home
  • News
  • Local
  • Politics
  • Business
  • Entertainment
No Result
View All Result
Radio For Peace and Development
No Result
View All Result
Home News

Government of Ghana must cut down on profligate expenditure and seal the leakages to raise expected revenue for the e-levy

February 2, 2022
Thank you Adam Mutawakilu Galus for giving me the platform – New BASKIN AFRICA Executive Director Kudus Seidu.
Share on FacebookShare on Twitter

www.padfm.com.gh

Issifu Seidu Kudus Gbeadese, the Executive Secretary-Baskin Africa is urging the government of Ghana to cut down on profligate expenditure and plug the leakages in the system to make up for the expected revenue from e-levy.

According to him, Baskin Africa has been monitoring the raging controversy around the Government’s proposed Electronic Transaction Levy (E-levy). As a think tank, we are not oblivious of the need for government to raise revenue for the necessary expenditures. As much as possible we will support the government in it’s quest to raise revenue, but we would stand against the misappropriations and profligate expenditures of that will not yield any positive economic returns to the ordinary taxpayer but the privilege few in government.

Government through the relevant ministries and agencies over these past weeks are trying to explain the reasons why Ghanaians must support and pay the E-levy. After monitoring these engagements on different platforms and the responses from Ghanaians, it is crystal clear majority of Ghanaians are not convinced with all the reasons the Government places on the table. The recent engagement was at a Town Hall Meeting in the Eastern Region, and the responses from majority of Ghanaians after the said meeting is a clear testament that they are vehemently against the E-levy.

He pointed out that considering the expenditure outlines as proposed in the 2022 budget, we are of the view that the government could still make the expected GHC 6.9bn from E-levy, by cutting down on some proposed expenditure lines.

For instance, a cut on the about GHC 3bn allocation to the Office of the President will not only create space to envelop some of the projected revenues from the E-levy, but will equally serve as the first step by government to sacrifice for the citizens to emulate. Government machinery must run, but the huge expenditure lines meant for consumption related activities out of the GHC 3bn allocations which do not necessarily engineer any economic development must be slashed. We vehemently reject the continuous rental of a private jet for use by the President at a time citizens are being taxed to their chocking end. Meanwhile, we are reliably informed that the Presidential jet is in good condition for all the travels of the President.

Again, the Auditor General in the 2020 audit report revealed that about GHC 12bn was lost to financial irregularities and institutional weaknesses. These irregularities represent either losses that had been incurred by the State through the impropriety or lack of probity in the actions and decisions of public officers or on the other hand, the savings that could have been made, if public officials and institutions had duly observed the public financial management framework put in place to guide their conduct and also safeguard national assets and resources.

With these revelations, if the government has the political will to plug the leakages in the system and effectively cut down the waste, more money would be saved, and this unpopular E-levy would not have been necessary to start with.

According to the Deputy Minister of Finance, Dr John Kumah, a survey conducted by the government revealed that after the implementation of the E-levy, the Mobile Money Transaction will decline by 24%. This implies that, not only will the government not achieve the projected GHC 6.9bn, but it would render thousands of MoMo agents jobless and most Ghanaians further impoverished. Aside this, the government must learn from countries like Uganda and others in Africa that implemented the Electronic Transaction Tax, and the negative impact it had on their economies thereafter.

The world has gone digital; the agenda by Ghana’s government to build a digital economy is largely pinned on e-commerce. So, if we go by the government’s own survey which revealed that MoMo transactions will decline by 24%, the digitalization agenda would have been defeated. Individual consumers are rational just as companies and organizations are tax averse so, this E-levy when implemented, would create an easy route to return to the cash and carry system.

We wish to call on the government to consider the alternatives of cutting down the profligate expenditures, especially at the office of the President, and also plug the leakages in the system which results to the lost of billions of Ghana cedis to the state. With these in place, the government would not be chasing after a paltry GHC 6.9bn when it can make more from internal controls and discipline.

Signed
Issifu Seidu Kudus Gbeadese
(Executive Secretary-Baskin Africa)

Contact: 0244198031

Tags: BASKIN AFRICACut down on profligate expenditureE-levy
Previous Post

NPP Chairman Kalamonia Supports Savannah Regional Islamic Council With Motorbike And Cash

Next Post

Damongo:VVIP transport bust burnt whilst carrying 14 passengers to Tamale

Next Post
Damongo:VVIP transport bust burnt whilst carrying 14 passengers to Tamale

Damongo:VVIP transport bust burnt whilst carrying 14 passengers to Tamale

Stay Connected test

  • 5.7k Fans
  • 377 Subscribers
  • Trending
  • Comments
  • Latest
Breaking:President Akuffo-Addo renominates two persons for confirmation as MDCEs in Savannah region

Breaking:President Akuffo-Addo renominates two persons for confirmation as MDCEs in Savannah region

October 10, 2021
Two suspects arrested in connection with the killing of Busunu trader.

Two suspects arrested in connection with the killing of Busunu trader.

August 18, 2021
Crime:Thieves break into three shops at Damongo on Wednesday dawn.

Crime:Thieves break into three shops at Damongo on Wednesday dawn.

August 4, 2021
We Will Deploy Our Local Warriors To Stop The Illegal Logging and Charcoal Business If Government Failed To Act – Gonja Traditional Council Roars

We Will Deploy Our Local Warriors To Stop The Illegal Logging and Charcoal Business If Government Failed To Act – Gonja Traditional Council Roars

May 10, 2021
CECOTAPS holds sensitization and training on Gender and Preventing Violent Extremism for women.

CECOTAPS holds sensitization and training on Gender and Preventing Violent Extremism for women.

0
UNICEF Supports Flood Victims In North Gonja District With Relief Items.

UNICEF Supports Flood Victims In North Gonja District With Relief Items.

0
Yagbonwura Declares 4th December As Gonjaland Prayers Day For Ghana

Yagbonwura Declares 4th December As Gonjaland Prayers Day For Ghana

0
Mankpanwura Calls On Sons & Daughters of Mankpan to Invest Home

Mankpanwura Calls On Sons & Daughters of Mankpan to Invest Home

0
CECOTAPS holds sensitization and training on Gender and Preventing Violent Extremism for women.

CECOTAPS holds sensitization and training on Gender and Preventing Violent Extremism for women.

March 30, 2023
23-year old farmer cutlassed by Fulani herdsman at Damongo

23-year old farmer cutlassed by Fulani herdsman at Damongo

March 28, 2023
Savannah Region: GES appeals to first year SHS Students to report to school.

Savannah Region: GES appeals to first year SHS Students to report to school.

March 28, 2023
West Gonja MCE hands over GES pick up after rehabilitation works by Damongo MP

West Gonja MCE hands over GES pick up after rehabilitation works by Damongo MP

March 28, 2023

Recent News

CECOTAPS holds sensitization and training on Gender and Preventing Violent Extremism for women.

CECOTAPS holds sensitization and training on Gender and Preventing Violent Extremism for women.

March 30, 2023
23-year old farmer cutlassed by Fulani herdsman at Damongo

23-year old farmer cutlassed by Fulani herdsman at Damongo

March 28, 2023
Savannah Region: GES appeals to first year SHS Students to report to school.

Savannah Region: GES appeals to first year SHS Students to report to school.

March 28, 2023
West Gonja MCE hands over GES pick up after rehabilitation works by Damongo MP

West Gonja MCE hands over GES pick up after rehabilitation works by Damongo MP

March 28, 2023
Radio For Peace and Development

© 2021 PadFM - Your most reliable source for news PadFM.

Go through Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
  • Local
  • Politics
  • Entertainment

© 2021 PadFM - Your most reliable source for news PadFM.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
{{playListTitle}}
  • {{ index + 1 }} {{ track.track_title }} {{ track.track_artist }} {{ track.album_title }} {{ track.lenght }}
{{list.tracks[currentTrack].track_title}}{{list.tracks[currentTrack].track_artist? list.artist_separator + list.tracks[currentTrack].track_artist:''}}
{{list.tracks[currentTrack].album_title}}
{{ currentTime }}
{{ totalTime }}