Any Government That Goes To The IMF Has Failed – Ken Agyapong Talks Economics
Assin Central MP Kennedy Agyapong has reiterated his support for the Electronic Transactions Tax (E-Levy) even as the government strives to push it through parliament.
He also supported the government position announced by Finance Minister Ken Ofori-Atta that Ghana will not go to the International Monetary Fund, IMF. A sign that the government will pursue all possible means to pass the E-Levy.
Agyapong insisted in an interview with Accra-based Asaase radio that any government that has gone to the IMF has failed and the NPP government will not because it has not failed.
“Any government that goes to the IMF has failed and we haven’t failed. For the good works we have done in this country.
“You should applaud Ken Ofori-Atta. He is not well but still… Yesterday I heard them in Wa, all in the name of the country,” he added.
The reference to Wa refers to a public government meeting on the E-Levy where finance and information ministers are joined by fellow regional ministers and an MP to address public concerns about the controversial levy.
The E-Levy is the government’s main revenue generation tool in the 2022 budget and the government’s economic policy statement.
Although the budget passed, the E-Levy bill did not pass due to issues with the inability of NPP MPs to increase their total numbers in the current near-egalitarian Parliament.
The last time Ghana approached the IMF was under the former Mahama government, this program was inherited by the Akufo-Ado government who saw to its conclusion and eventual exit.