E-levy is innovative idea to move the country forward – Kpemka

A former Deputy Attorney General, Joseph Dindiok Kpemka has said plans to use the E-levy, if approved by Parliament, to assist the youth in entrepreneurship, is a step in the right direction.

In his view, the proposed levy is an innovative idea to move the country forward.

Speaking on the Key Points on TV3/3FM Saturday February 5 the former Member of Parliament for Tempane said “You have to think and come up with innovative ideas to move the country.

“One of the biggest problems is unemployment and the finance minister says the e-levy will help the youth to be entrepreneurs. A step in the right direction if you ask me.”

He added “In order not to collapse the economy you need to take extraordinary decisions which sometimes don’t seem to be palatable but in a long run will help the country.”

Meanwhile, a former Finance Minister, Seth Terkper, has said the GHS7billion targeted revenue which is expected to be generated from the yet-to-be-approved E-levy in the 2022 budget statement is over rated.

Speaking on the Business Focus with Alfred Ocansey on TV3 Monday January 31, he Mr Terkper said “…everything else is dependent on loan so the

“The question is what is 7billion , how can that become the main thing when you do not have seen to the budget when you do not have access to the market to borrow .

“That is why I have said the 7bn from the E-levy in terms of resolving our problems is overrated . I see it more in terms of urgent liquidity because it is going to be cash, it is not like it is profit.”