NDC’s continuous opposition against E-levy scaring investors – Finance Minister

The Minister for Finance, Ken Ofori-Atta has attributed the country’s economic hardship on the doorstep of the National Democratic Congress (NDC) side in parliament.

According to him, the minority continuous opposition against the passage of the electronic levy is scaring investors and further triggering the downgrade of Ghana’s economy by various international rating agencies.

Addressing the public on the decisions taken by the government towards reviving the economy, the Minister said the government did not anticipate the decision of the minority and so their decision not to support the levy threw its plans off-balance.

“[We didn’t expect] that parliament would approve government’s 2022 budget statement, appropriation, and its expenditure plans and then turn around to vote against one of the key revenue generation measures that were being introduced, the E-levy. The unyielding stance of the minority in parliament against the levy gravely affected investor confidence in our capacity to implement our programs and settle our debts, triggering the downgrading by credit agencies and now leaving the cedi vulnerable as we cannot access the international capital market,” he said.