Former Finance Minister Dr. Kwabena Duffuor has slammed the ruling New Patriotic Party after the contentious Electronic Transfer Levy was passed (E-levy).
In his opinion, the government’s choice to approve the unpopular tax against experts’ advice shows President Nana Akufo-Addo is not a listening government.
“The NPP has proceeded in its passage of the controversial e-levy bill,” Dr. Duffuor lamented on Facebook the next day. The NPP disregarded Ghanaians’ hardships and discontent with the e-levy, and increased our tax burden.”
Many Ghanaians publicly opposed the E-levy, which was approved by Parliament on Tuesday, March 29, 2022, despite the Minority Caucus’ walkout.
Dr. Kwabena Duffuor, like many other well-meaning and skilled economists, has previously proposed alternatives to the E-levy.
Ahead of the IFS’s symposium on domestic income mobilization, Dr. Duffuor said on Starr FM in February 2022: “Currently, foreign interests are generally the major benefactors of our extractive industry, while Ghanaians get relatively little cash from our natural resources.”
“We must start looking at the industry we have overlooked for years – extractive. In many industrialized nations like the USA, UK, and Germany, a well-managed natural resource center is the safest path to success. To protect our people, we must renegotiate our mining deals for bigger profits.