The finance Minister for Ghana Ken Ofori-Atta has said that the Electronic transaction Levy ( E-Levy) will create jobs for over 11 million Ghanaians.
He further added that, the 1.75% E-Levy will reduce the unemployed population, which is currently over 18 million.
The 2022 budget was voted out by the minority with the E-levy being one of the main factors.
Speaking at a Springboard Youth Roadshow at the University of Cape Coast over the weekend, Ofori-Atta noted that 58% of the population are between ages 15 to 59 which equates to some 18 million people.
He disclosed that 11 million of that number did not have clear employment opportunities adding that, “Of this number (18 million), 2.4million are in formal employment whilst the remaining 15 million are split between informal and underemployment.”
He explained further: “for us as a government, our task is to ensure we extend opportunities to the youth. The consequences of having eleven million people with no clear path, undoubtedly, our recovery efforts hinges on tailored support to provide skills and funding to our young people to pursue their ambition.”
“How do we as a nation move into an entrepreneurial stage to have an opportunity to contribute to national development? How do we reduce our debt and create employment?
“How do we take care of our infrastructure and roads so that we open up the country and build good Internet systems to create opportunities for all? Why are we being resistant to the future? We have nothing to fear. Have we as a nation understood the times that we are in and are we ready to sacrifice to move to a whole different level?”
To further buttress his point, the Minister challenged opponents to proffer a better route to cater for the 11 million people the government is seeking to employ with E-levy proceeds.
“When somebody tells you we shouldn’t go there, tell them, give me an alternative for these 11 million people who are at home and not working,” he added.
The Roadshow was held on the theme: “Building a Sustainable Entrepreneurial Nation; Opportunities for Ghana’s Youth”.
Meanwhile, talks are still ongoing on the levy with Deputy Majority Leader confirming that the government was ready to reduce the tariff to 1.5% from 1.75%.
The Minority leader whiles offering a personal position last weekend said he was convinced of the necessity of the tax and would accept a 1% rate to start with. Read More