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 mobile service providers will begin from tomorrow January 11, 2023.

The service providers are Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited.

A statement from the Ghana Chamber of Telecommunications assured the general public that its members are working assiduously with the GRA and other key institutions, to ensure a seamless implementation of the revised E-Levy from January 11, 2023.

“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”.

“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”, it said.

The E-Levy was introduced in the 2022 budget as additional revenue mobilization handle to support government’s quest to undertake some critical projects and improve the quality of service for the telecommunication industry.

Source: Joy Business