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STC Chief Executive Officer, Nana Akomea says the electronic transaction levy, popularly called e-levy, proposal by the Akufo-Addo government is a brilliant idea to fix the economy.

Speaking on Peace FM's 'Kokrokoo' programme, Nana Akomea urged Ghanaians to embrace the e-levy believing it will hugely benefit Ghanaians.

He revealed why the proposal hasn't been accepted yet but was of a strong view that the e-levy will be passed.

"The only reason the e-levy hasn't been approved is that we don't have the numbers in Parliament. Period! If we had the numbers in Parliament, we would have passed the e-levy in December and, by this time, it would be working," he said.

Nana Akomea explained how beneficial the e-levy will be for the development of Ghana saying, "the electronic transaction business is one of the fastest growing businesses in this country. In 2016, electronic transactions, MOMO, electronic transfers amounted to 80 billion cedis. In 2016, electronic transactions, MOMO, electronic transfers amounted to 80 billion, last year, 2021, it moved from 80 billion in 2016 to 950 billion cedis. The volume of electronic business going on in this country, so it shows [I mean] if the part of the economy is growing so well, you tax a little''.