The government worked hard to win parliamentary permission and introduced a 1.5 percent fee on all electronic transfers while denying rumors of a potential IMF bailout over a period of months.
The new tax measure, often known as the “E-Levy,” was hailed as a brilliant domestic revenue mobilization strategy that may help the nation’s economy get back on track.
Only 10% of the E-anticipated Levy’s revenue has been realized around a month after it was put into place, which some critics see as proof that the government over overestimated the E-potential Levy’s.
The government has officially started the procedure for an IMF bailout, a few days after it was disclosed that the E-Levy appears to have failed to reach its goal.
This has gotten a lot of feedback on social media, with some users including E-Levy in the discussions.
As a result of the proposed IMF bailout, some users have called attention to the government’s steadfast defense of the E-Levy as a cure-all for approaching the IMF, while others are advocating for a complete reversal of the tax policy.
some social media reactions to government’s announcement of seeking IMF bailout below:
The pain actually goes out to the “astute lawyers and individuals” who have rendered themselves brainless for making themselves and others believe Bawumia is an economic wizkid????????????????????…kindly locate and sympathise with them????
Bawumia was running his mouth ???? during the time NDC was heading to IMF. You become vice president and we’re about to go again. This is really laughable
The internet doesn’t forget#IMF Bawumia
Can someone tag Bawumia for me— Highly spiritual ????????????
Since Ken Ofori has been instructed to go to IMF, let me bring this video back… Dr. Bawumia ???????????— EL-DAD (@ChristDeKing)
This matter . Bawumia our hope and future ???????? — K.O???? ????????
We waste money on town hall meetings,all in the name of educating people about E-levy,prioritised building a cathedral to extent that we imported stones from Israel and imposed E-levy on Ghanaians just to run to #IMF for bailout — ROK. (@AkyeremadePizza)
Unemployment peoples relax because of IMF ???? ????????????
At a time when governments elsewhere were cushioning their citizens to deal with the impacts of COVID-19, GoG introduced obnoxious taxes. Now, that same govt is going to the IMF for support. What exactly was the point of the e-levy?— Alfred (@CallmeAlfredo)
You shut down tollbooths and render people jobless just to implement E-Levy, telling us E-Levy is going to solve all our problems, now here we go, back to where you said it’s only failed governments that go… F9— Tarkwa J.Cole????????????????
Even if govt got all the projected revenue from the e-levy, the country would still be in a hole of close to 40bn cedis this year alone. The e-levy was pointless and it wasn’t going to do anything to change our fortunes like how the government was selling it.— Alfred (@CallmeAlfredo)
We’ve accepted you NPP have failed! So scrap the E-Levy and go to the IMF is on you guys! Hon Kennedy Agyapong, is he ready for the Nogopko swearing so say we go vote for him! He should stand as independent should he even fail at the NPP primaries.— David Walraven (@Walraven5David)
The government was hopeful proceeds from the e-levy would be a game-changer and a more viable option to an IMF program.
I agreed at the time. I agree now.
IMF is a no for me, given the fund’s conditionalities and its implications in the long run on ordinary Ghanaians’ life.
— Mohammed Muntala (@MoMuntala)
Nana Addo and Ken Ofori Atta can’t use the IMF as a smokescreen to squander the E-Levy money. If they decide to go to IMF, E-Levy must be reversed. You can’t waste monies on regional townhall meetings about E-Levy and run to IMF in just 2 months. Ebeii — GOG Album ???? (@Okuluman)
After @NAkufoAddo has authorised an IMF bailout, we’re waiting for the cancellation of E-levy which is said to have precluded us from going to IMF.
Free SHS is in Limbo.— Asiedu AK-0001352 (@leitekaka459)
So what’s the essence of introducing e-levy and cancelling road toll? — S A G E (@logical_nash)
They knew they could go to the IMF in the first place bhu decided to take E-Levy instead just to worry our lives ????????????????????????????— Sean_Jhay_ (@Ch_Sean_Jhay)
Are they even going to cancel the e-levy ? — Man Like Kdei???? (@iamkdei)
Then now abolish the e-levy, you people said it’s better to take e-levy than going to the IMF, now what has changed ????!!!
“Free SHS” #Bawumia “Ken Ofori” #KenOfori
