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E-Levy Will Help Create 11 Million Jobs For The Youth – Finance Minister

The finance minister, Ken Ofori-Atta is still not ready to give up on the adoption of his proposed 1.75% e-levy asking that Ghanaians accept it as the revenue generated from the charges will be used to support entrepreneurs and also generate a whooping 11 million jobs for the many unemployed youth in the country.

The Government has come under immense pressure from the opposition and the Ghanaian people over their bid to tax electronic transaction in the country, with numerous think-tank institutions also kicking against it, describing it as a regressive tax mobilization strategy.

However, Ken Ofori-Atta addressing thousands of young people, at a Springboard Youth Dialogue at the University of Cape Coast in the Central region on the theme “Building a Sustainable Entrepreneurial Nation; Opportunities for Ghana’s Youth” said, “2.4million are in formal employment whilst the remaining 15 million are split between informal and underemployment.”

He said “For us as a government, our task is to ensure we extend opportunities to the youth. The consequences of having eleven million people with no clear path, undoubtedly, our recovery efforts hinges on tailored support to provide skills and funding to our young people to pursue their ambition to free them.”

“How do we as a nation move into an entrepreneurial stage to have an opportunity to contribute to national development? How do we reduce our debt and create employment?

“How do we take care of our infrastructure and roads so that we open up the country and build good Internet systems to create opportunities for all? Why are we being resistant to the future? We have nothing to fear. Have we as a nation understood the times that we are in and are we ready to sacrifice to move to a whole different level?” he asked.

He stated that “When somebody tells you we shouldn’t go there, tell them, give me an alternative for these 11 million people who are at home and not working.”

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