• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

E-Levy: 43.8% of Ghanaians revert to using cash; 20.7% exploring loopholes in system – Study

3 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
572
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

E-Levy: 43.8% of Ghanaians revert to using cash; 20.7% exploring loopholes in system – Study

A study on the impact of the electronic transaction levy on electronic transfers 45 days after the implementation of the levy has revealed some interesting findings.

Possibly the first empirical study of the impact of E-Levy on Ghanaians after its implementation, the study by Think Tank, IMANI Ghana reveals close to 43.8% of Ghanaians have reverted to using cash in undertaking transactions, retrogressing the government’s cash lite economy agenda.

Per the study, another 20.7% of the Ghanaian populace, are exploring loopholes in the implementation of the levy by collaborating with mobile money vendors.

A further 18.1% of the population are using mainstream banks to undertake transactions all in the bid to avoid the E-Levy charge.

Additionally, a whooping 69% of the Ghanaian populace when undertaking digital transactions, spread the amounts across days making small payments [less than GHS 100] in order to escape the E-Levy charge.

Delivering a presentation on the findings of the study, King Carl Duho, a research consultant with IMANI Ghana, averred the use of cash, banks, loopholes in the E-Levy tax system and spreading of amounts across days were all coping strategies being employed by Ghanaians following the implementation of the controversial levy.

RelatedPosts

Gold Price Falls by Most in Over a Decade as Rally Cools

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

Among Africa’s Top Performing Currencies — the Zambian Kwacha

Speaking further during the presentation, Mr Duho noted volume in digital transactions had reduced by some 83% since the introduction and subsequent implementation of the levy – this is evidenced by the GHS 10bn drop in mobile money value reported by the Bank of Ghana.

Asserting that, actual attrition rate following the implementation of the E-Levy is likely to be higher than the 24% projected by the government.

Adding government is also unlikely to meet its revised revenue target of GHS 4.5bn from the E-Levy tax.

According to IMANI Ghana, the study is to obtain the perspectives of Ghanaians on the introduction of the E-Levy, ascertain the impact of the E-Levy on the use of digital financial services in Ghana as well as the coping strategies used by Ghanaians in using digital financial services after the implementation of the E-Levy.

Source: norvanreports
Tags: digital financial servicesE-LevyE-Levy: 43.8% of Ghanaians revert to using cash; 20.7% exploring loopholes in system – StudyghanaIMANI Ghana
No Result
View All Result

Highlights

PIAC Urges Increased Investment in Petroleum Sector as Ghana Projected to Capture 20% of West Africa’s $80bn Oil and Gas Market by 2033

BoG Reviewing Consumer Recourse Mechanism to Address Gaps in Complaint Redress System, Says 2nd Deputy Governor

A Look at the Opportunities and Challenges as North America Gears Up for the 2031 Women’s World Cup

Black Stars Nominated for National Team of the Year at 2025 CAF Awards

Parliament to Hold Special Hearings on Extractive Industries’ Impact on Jobs and National Development

Ghana’s Economy Ranked Among 14 African Economies at High Risk of Short-Term and Commercial Vulnerability

Trending

Features

Gold Price Falls by Most in Over a Decade as Rally Cools

October 22, 2025

Gold Price Falls by Most in Over a Decade as Rally Cools Gold prices fell by the...

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

October 22, 2025

Among Africa’s Top Performing Currencies — the Zambian Kwacha

October 22, 2025

PIAC Urges Increased Investment in Petroleum Sector as Ghana Projected to Capture 20% of West Africa’s $80bn Oil and Gas Market by 2033

October 22, 2025

BoG Reviewing Consumer Recourse Mechanism to Address Gaps in Complaint Redress System, Says 2nd Deputy Governor

October 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.