New charges of E levy on Electronic transaction surfaces, See how much we will be paying on each transfer.
Ghana’s finance minister, Ken Ofori-Atta, indicated in November last year that the government aims to include an electronic transaction charge (e levy) in the 2022 budget. He stated that this was done to “extend the tax net and bring in the informal sector.”
The planned fee, which would take effect on February 1, 2022, is a 1.75 percent charge on the value of electronic transactions.
It includes mobile money payments, bank transfers, merchant payments, and remittances received from abroad. The charge will be payable by the originator of the transactions, with the exception of inward remittances, which will be borne by the recipient. Transactions of up to GH100 ($16) per day are exempt.
Well, there are still a few days till the deadline, and the minority in parliament is working hard to prevent the E-levy from being passed.
Meanwhile, if it is adopted, the figures below are what you will have to pay on each transaction.
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