fbpx

New E-Levy rate implementation begins Jan 11

BY: Elizabeth Nyaadu Adu

The implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1 per cent by mobile service providers will begin from tomorrow January 11, 2023.

The service providers who will be implementing the directive are Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited.

A press release issued by the Ghana Chamber of Telecommunications today (January 10) 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 levy from Wednesday, January 11, 2023.

It said: “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 per cent to 1 per cent, while the GH₵100 threshold remains unchanged.”

"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," the release said.

"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".