Professor Raymond Atuguba has said the controversial E-levy is needed to save the Ghanaian economy from total collapse.
According to the the Dean of the University of Ghana School of Law, although the proposed tax measure is ‘wicked’, it appears the only way to the save the economy.
“The first step is to pass the E-levy immediately and implement it effectively. To prevent the collapse of the economy and a return to the stronghold of the IMF, we have no choice but to pass it…. As horrible and wicked as it is, it is the only way to save our economy from collapse in the short term,” the former executive secretary to former President Mahama said at a forum held by Solidare Ghana Monday February 28,2028.
He however noted for Ghanaians to appreciate the circumstances occasioning the levy government must come clean on the actual state of affairs.
“The starting point for passing the E-levy is for government to stop lying to the citizenry, come clean and confess that they thought the job of managing the economy was simple, but now they know better, plead with the people of Ghana that we have limited options now”.
The Ghana cedi is now the worst-performing currency among Africa’s top currencies just two months into 2022.
This is because it has depreciated by about 7.6% to the dollar from January 1, to February 25, 2022.
The local currency has overtaken the Zambian kwacha, which was the worst-performing currency on the continent two weeks ago, Accra-based Joy FM has reported.