E-Levy: GRA begins implementation from May 1
The Ghana Revenue Authority (GRA) has announced that starting May 1, 2022, it will begin implementing the controversial Electronic Transaction Levy (E-Levy).
The implementation of the E-Levy as announced by the statutory tax authority follows its passage by Parliament and subsequent assent into law by the President, Nana Akufo-Addo.
The E-Levy will impose a 1.50% charge on mobile money transfers done between accounts on the same electronic money issuer and mobile money transfers from an account on one electronic money issuer to a recipient on another electronic money issuer.
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Others are transfers from bank accounts to mobile money accounts and transfers from mobile money accounts to bank accounts
However, bank transfers on an instant pay digital platform or application originating from a bank account to an individual subject to a daily threshold will be determined by the Minister of Finance.
The E-Levy was introduced by the government in the 2022 Budget on basic transactions related to digital payments and electronic platform transactions.
The rate would apply to electronic transactions that are more than ¢100 daily. This is different from the percentage telecommunication companies charge on mobile money transactions.
