E-Levy takes off Sunday – GRA, banks, telcos ready for implementation

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 […]

List of entities responsible for charging E-levy

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 […]

My daughter’s $1m gift was a ‘faith cheque’, not a real one – Sam Korankye Ankrah

General Overseer for the Royalhouse Chapel International, Sam Korankye Ankrah, has described the $1 million gift given to his daughter on her wedding day as a ‘faith cheque’. This comes after the Ghana Revenue Authority (GRA), in a letter sighted by Myjoyonline.com summoned Naa Dromo Korankye-Ankrah for tax returns on her wedding gift. However, explaining the motive […]