Passage of E-levy: Demand for Ghana’s Bond has increased– Western Regional Minister
Kwabena Okyere Darko Mensah
The Western Regional Minister, Kwabena Okyere Darko Mensah has claimed that the passage of the controversial Electronic Transaction levy (e-levy) has improved the country’s bond market.
His comment comes after the President’s delivery of the State of the Nation Address today on the floor of Parliament.
Mr Darko Mensah believes that President Akufo Addo being candid on the economy calls for every Ghanaian to support measures put in place to mitigate the country’s economic difficulties.
He stated that the impact of COVID -19 has plunged the nation into economic hardship but the President’s vision of bouncing back amidst hardship on Ghanaians.
For him, the passage of the Electronic Transaction Levy is the game changer to move the economy into normalcy, adding that the country’s bond market has seen a rise after the acceptance of the e-levy.
“Take, for example, the e-levy that has not been passed for the past four months, and that’s one of the problems that has affected the economy. That’s the fact.
Immediately the e-levy was passed yesterday, all the bonds of Ghana have started rising again. So clearly, our interest rate will be coming down.”
Mr. Darko Mensah also called on Ghanaians to avoid apportioning blame to any one political party but support the President’s dream of making the nation better for all.
