The Ghana Chamber of Telecommunications has announced that the revised 1% charge on electronic transactions will begin Wednesday, January 11, 2023.
This follows a directive from the Commissioner General of the Ghana Revenue Authority (GRA) for the revised levy rate to kickstart on the scheduled date.
A statement issued on Tuesday, January 10 reads as follows: “Following the directive from the Commissioner General of the Ghana Revenue Authority (GRA) the implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1% by Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited, will commence on Wednesday January 11, 2023.”
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.
The Chamber assured 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.
Meanwhile, the levy since its implementation has created lots of controversies among Ghanaians.
Aside from failing to meet its revenue targets, a huge number of mobile money subscribers have been lost in a bid to avoid paying the levy since it was introduced.