1% E-levy Amendment Starts Today

After adjustments to the controversial E-levy announced in the 2023 Budget Statement and Economic Policy by the Finance Minister, Ken Ofori-Atta, the implementation is set to begin today, Wednesday, January 11, 2023.

From a widely resented 1.5% rate, government through the budget statement has pegged the rate at 1% and has since been approved by parliament.

Following the approval by parliament, the Ghana Chamber of Telecommunication has indicated their preparedness to implement the adjustment.

In a press statement sighted by MX24online, the chamber said it is poised ensure a seamless implementation of the new policy.

“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,” parts of the statement announced.

This follows a directive from the Commissioner General of the Ghana Revenue Authority (GRA), on the implementation of the revised rate.

“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.