Official: Implementation of E-Levy to start from May 1 – GRA

The Ghana Revenue Authority (GRA) has announced that the implementation of the Electronic Transaction Levy (E-Levy) will begin effective May 1, 2022.

In a notice published in the newspapers, the GRA said the decision was influenced by the passage of the E-Levy Bill by Parliament.

The E-Levy will impose 1.50% on all electronic transfers.

Coverage of E-Levy

Transactions to be affected by E-LEVY

• Mobile money transfers between accounts on the same electronic money issuer (EMI)
• Mobile money transfers from an account on one EMI to a recipient on another EMI
• Transfers from bank accounts to mobile money accounts
• Transfer from mobile money accounts to bank accounts
• Bank transfers on a digital platform or application which originate from a bank account belonging to an individual to another individual

Transactions exempted from E-LEVY

• Cumulative transfers of GHC100 per day made by the same person
• Transfers between accounts owned by the same person
• Transfers for the payment of taxes, fees and charges on the Ghana.gov platform
• Electronic clearing of cheques
• Specified merchant payments (that is, payments to commercial establishments registered with the GRA for income tax and VAT purposes)
• Transfers between principal, master agent and agent’s accounts