Minister of Finance, Ken Ofori-Atta, has admitted to the dire economic challenges Ghana is faced with.
According to him, the nation currently is unable to undertake or continue developmental projects, implement salary increments due to a lack of funds.
Making his submission at a Government Town Hall meeting in Wa on Monday, February 21, Ken Ofori-Atta underscored the need for Ghanaians to accept the Electronic Transactions Levy (E-Levy) in order for government to fill revenue gaps and increase development.
“I look at teachers and civil servants for example, and I will be the first to admit that the salaries are indecent, nobody will argue with that. At the same time, it is 60 percent of all the revenue we collect from 700,000 people [go into salary payment,] that is also a fact,” Ken Ofori-Atta stated.
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