85% income has been lost because of E-Levy - African Network of Entrepreneurs CEO

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85% income has been lost because of E-Levy - African Network of Entrepreneurs CEO 


Source:Aveaonetv 


The pioneer and CEO of the African Network of Entrepreneurs, Ekow Mensah, has expressed that starting from the presentation of charges on electronic cash moves in Ghana, around 85% of income has been lost.


In a meeting on Prime Morning with Roselyn Felli on JoyPrime, the Business Development Consultant expressed that before the execution of the E-demand there was a ton of income produced from electronic cash moves.


"Despite the fact that a ton of organizations were un-bankable or didn't have formal ledgers, a ton of them had momo accounts since it was not difficult to installed them yet when the e-demand came, genuinely we have lost more than 85% of income," said Mr Mensah.


As indicated by him, this misfortune the arrangement has achieved is "something we want to investigate."


He likewise expressed that Micro, Small, and Medium Enterprises (MSMEs) create roughly 90% of Ghana's income, so instructing and illuminating general society about how to produce pay from private and public-claimed ventures will help the country all in all.


In the interim, a main individual from the New Patriotic Party (NPP), Gabby Otchere-Darko, has revealed that the Electronic Transactions Levy (e-demand) has produced under ¢60 million, near two months after its execution.


He said the duty has neglected to satisfy the hopes of the public authority.


"What choices are available to the public authority? The inquiry ought to rather be: what choice whenever embraced, will re-infuse financial backer trust in our economy? Regardless of whether we find the $3-5 billion required, will that assistance? E-demand which was to have given us some 600m at this point has done under 60m," he said in a tweet on Monday, June 27.


In any case, Associate Professor at the University of Ghana Business School (UGBS), Prof. Ruler Mensah can't help contradicting Mr Otchere-Darko's affirmation.


In a meeting on Joy FM's Midday News on Monday, he noticed that it is too soon for anybody to rate the presentation of the Electronic Transactions Levy (E-demand).

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 He fought that administration ought to stand by till the year's end to settle on the presentation of the duty

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