Dr. Solomon Owusu: E-Levy is not the only way to sustain the economy

Dr. Solomon Owusu: E-Levy is not the only way to sustain the economy

I write with utmost respect to advise Professor Raymond Atuguba to avoid certain comments during his public lectures, concerning the electronic transaction levy (e-levy) matter.

He should be bold to admonish the government to manage the country’s natural resources effectively and also spend the taxpayers’ money wisely.

I had a shock of my life when I read the e-levy statements from the document concerning the public lecture he delivered at the Erata Hotel in Accra under the auspices of SOLIDAIRE Ghana Governance Forum on Monday February 28, 2022.

In my opinion, Raymond should revise his notes and come up with better comments on the e-levy. It is an undeniable fact that Ghana’s economy has been mismanaged and I think it’s about time we speak truth to power and save future generations.

Instead of endorsing the passage of the cruel e-levy, Atuguba should have used the opportunity to offer professional guidance to the government to help seal the financial leakages in the system and also advise the President to spend public funds carefully, rather than renting private jet with huge sums of money to waste state resources.

Dr. Raymond Atuguba was trained in Law at the Ivy-League Harvard University, USA and Mr. Ken Ofori-Atta was also trained in Finance at the Ivy-League Yale University, USA. I was trained in Mining Engineering and Mineral Economics at the Elite Colorado School of Mines, USA, which is the world’s number one (#1) Mining University.

Regardless of the fact that I am not a finance person, my subsequent explanation in this publication is aimed at disputing the fabrications from Raymond and Ken that the E-Levy is the only alternative to bolster Ghana’s economy, after Ken Ofori Atta has mismanaged the country’s finances through his wanton borrowing with little to display.

Firstly, in his speech, Prof supported the passage of the e-levy and said, “we should pass the darn, farafucken E-Levy Bill immediately and effectively to prevent the collapse of the economy.” Again, he continued by stating that Ghanaians have no choice but to pass the e-levy. It would have been better if he had disclosed the analysis he conducted to justify his statements.

In my opinion, his declarations were just calculated strategies to mislead Ghanaians, in favour of the government to accept this wicked and devilish financial approach, aimed at pickpocketing from the good people of Ghana.

He should have developed other possible and acceptable tax revenue strategies to educate the government on […]

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