The Ghana Chamber of Telecommunications has announced that the revised 1% charge on electronic transactions will begin Wednesday, January 11, 2023.
This comes after the 1.5% charge on all electronic transactions was slashed to 1%.
A statement issued on Tuesday, January 10 explained that the directive is from the Commissioner General of the Ghana Revenue Authority (GRA).
It again added that the GHS 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.”
“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.”
According to the Chamber, its members are working assiduously with the GRA and other key institutions, to ensure a seamless implementation of the revised levy from Wednesday thus the public should remain calm.
Since its implementation, the e-levy has created lots of controversies among Ghanaians and industry players as well.
Due to its implementation despite public uproar, lots of mobile money users have unsubscribed from the service to avoid paying the levy.
Additionally, the e-levy has failed to meet its revenue targets.
Kindly click the link for full details – 1.4 Press Release – E-levy Amendment Implementation Jan 2023 – PDF