Deputy Minister of Finance, Dr. John Kumah, has revealed that the government amassed a total of GH¢1.19 billion in revenue from the E-levy in the year 2023. This substantial sum has been strategically allocated to various initiatives aimed at addressing unemployment in the country, including the YouStart Programme by the the Ghana Enterprise Agency, and […]
The Vice President, Dr. Mahamudu Bawumia, has announced plans to abolish the e-levy, emissions tax, and other levies as part of proposed tax reforms aimed at boosting government revenue and fostering a cashless society if he is elected President. Presenting his government’s policy statement and priorities to Ghanaians in Accra on Wednesday, February 7, 2024, […]
Vice President Dr. Mahamudu Bawumia has stated that he intends to eliminate the tax on electronic financial transactions, known as e-levy, if elected President of Ghana. In his first major address to the nation following his election as New Patriotic Party (NPP) flagbearer, where he outlined the broad policy outlines of a Bawumia Presidency, Dr. […]
he Mobile Money Agents Association Of Ghana (MMAAG) has expressed the hope that the revised rate of the Electronic Levy (E-Levy) of one per cent, which takes off today, will help revive its business, since operations suffered last year when the levy was introduced. It said with money transfer businesses having suffered with the rate […]
The Attorney-General has criticised the Minority in Parliament for failing to adduce evidence in court over the claim of illegal passage of the E-levy on March 29. Speaking with the press after court proceedings on Wednesday, Godfred Yeboah Dame noted the NDC’s claims are mere propaganda that should be ignored. He said the party’s argument […]
The Supreme Court will today, May 4, hear the application brought before it by three Minority MPs against the implementation of the Electronic Transfer Levy (E-Levy). The MPs filed the suit on Tuesday, April 19, following the bill’s passage by the Majority Caucus on Tuesday, March 29, 2022, despite a walkout by the Minority Caucus. […]
The Ghana Revenue Authority has announced its decision to commence the operationalization of the E-levy from May 1 in a modified-phased approach. This follows the results of an assessment carried out by the GRA to test the general readiness of some charging entities to integrate with the E-Levy management system. The new development is a […]
All is set for the Electronic Transactions Levy (E-Levy) to take off on Sunday, as scheduled. The Ghana Revenue Authority (GRA) and the three charging entities – banks and specialised deposit-taking institutions (DFIs), electronic money issuers (EMIs) and telecommunications companies (telcos) – have put in place the relevant systems and mechanisms to start collecting 1.5 […]
The government has cut the revenue target from the Electronic Transactions levy (E-Levy) to GH¢4.5 billion in line with developments following the proposal of the levy in November last year. The Commissioner-General of GRA, Reverend Dr Ammisshaddai Owusu-Amoah, told Graphic Online Thursday that the revision followed the reduction in the rate from 1.75 per cent […]
The Ghana Revenue Authority (GRA) has highlighted the entities responsible for deducting the yet-to-be-implemented Electronic Transfer Levy (E-Levy). According to the Authority, as of May 1, fast approaches, and the entities designated to make such deductions are prepping themselves to ensure that the new tax policy is implemented smoothly. A Head of Compliance, Domestic Tax […]
President Nana Addo Dankwa Akufo-Addo yesterday assented the Electronic Transfer Levy Bill (E-Levy) Bill into law just before the start of the Cabinet meeting at the Jubilee House in Accra. By appending his signature to the bill, it has now become law, but the operational date and other activities will be announced by the Minister […]
Parliament today Tuesday March 29, 2022 approved the Electronic Transactions (E-Levy) Bill. This decision was reached after the Consideration Stage was completed by a Majority-sided House following the third reading of the Bill. The opposition National Democratic Congress (NDC) staged a walk out after taking part in the debate of the Bill. The Finance Minister, […]
