E-levy will provide more jobs and reduce dependency on debt – Akufo-Addo

Date:

Share post:

The government has reiterated the need for the electronic levy, also known as the e-levy, to be implemented.

The President tweeted on Wednesday, January 27, 2022, that the E-Levy will reduce the country’s reliance on foreign aid, among other things.

The government says the feedback from the engagement will inform it on the implementation of the levy.

The E-levy is a new tax measure introduced by the government in the 2022 Budget on basic transactions related to digital payments and electronic platform transactions.



A charge of 1.75% will apply to electronic transactions that are more than GH¢100 on a daily basis.

The town hall meeting will feature Minister for Finance, Ken Ofori-Atta, Minister for Communication and Digitalization, Ursula Owusu-Ekuful, Minister for Information, Kojo Oppong Nkrumah and Deputy Majority Leader, Alexander Afenyo-Markin.

Also, to be in attendance at the forums will be sector-specific Civil Society Organisations (CSOs) and other relevant industry stakeholders.

The Town Hall Meeting is being organised by the Ministry of Information and will be live on various television networks in the country as well as the Ministry’s social media pages.

E-Levy will cover:

a. Mobile Money Transfers between accounts on the same electronic money issuer (EMI).

b. Mobile Money transfers from an account on one EMI to a recipient on another EMI.

c. Transfers from bank accounts to mobile money accounts.

d. Transfer from mobile money accounts to bank accounts.

e. Bank transfers on a digital platform or application originate from a bank account belonging to an individual to another individual.

E-Levy will not impact:

a. Cumulative transfers of GHS 100 per day made by the same person.

b. Transfers between accounts owned by the same person.

c. Transfers for the payment of taxes, fees, and charges on the Ghana.gov platform.

d. Electronic Clearing of Cheques.

e. Specified merchant payments (i.e. payments to commercial establishments registered with GRA for Income Tax and VAT purposes).

f. Transfers between principal, master-agent, and agent’s accounts.

Related articles

Fatawu Issahaku out for 6-9 months after successful surgery

Ghana international Abdul Fatawu Issahaku has successfully undergone surgery to address an injury sustained during Ghana’s Africa Cup...

CHRAJ urges peaceful transition of political power

Mr Eric Aboyer, the Dormaa Central Municipal Director of the Commission on Human Rights and Administrative Justice (CHRAJ)...

NCCE urges youth to resist being used as conduits of havoc during elections

Mr Omar Jafaru Alsadiq, the Bolgatanga Municipal Director, National Commission for Civic Education (NCCE), has called on the...

Sell Chrome to end search monopoly, Google told

The US Department of Justice (DOJ) has demanded Google sells Chrome, the world's most popular web browser. It is...