ELECTRONIC TRANSFER LEVY – CHARGING OF REVISED E-LEVY RATE OF 1% ON ELECTRONIC TRANSFERS

Accra, January 10, 2023 - The Ghana Chamber of Telecommunications presents its warm compliments to all customers of its members including the Electronic Money Issuers (Operators of Mobile Money Services) in Ghana, as a new year commences.

 Following the directive from the Commissioner General of the Ghana Revenue Authority (GRA) the implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1% by Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited, will commence on Wednesday January 11, 2023.

 As captured in the Electronic Transfer Levy (Amendment) Act, 2022, Act 1089 which has been passed by parliament and assented to by the President, the levy on electronic transfers has been reduced from 1.5% to 1%, while the GHS 100 threshold remains unchanged.

 The Chamber would like to assure the general public that its members are working assiduously with the GRA and other key institutions, to ensure a seamless implementation of the revised Levy from Wednesday January 11, 2023.

 

Source: Chamber News Desk