Today, January 11, marks the beginning of the implementation of the revised 1 percent rate for the Electronic Transfer Levy (E-Levy).
The Ghana Chamber of Telecommunications has made it clear that it is ready to implement the new rate.
Airtel Mobile Commerce (Ghana) Limited, Vodafone Mobile Financial Services Limited, Mobile Money Limited, GCB G-Money, and Zeepay Ghana Limited are the service providers.
The Chamber said in a press release on Tuesday that its members are diligently collaborating with the Ghana Revenue Authority (GRA) and other institutions to ensure that the revised E-Levy rate is implemented without a hitch.
READ ALSO: Coming Into Music Was A Mystery – Wendy Shay Discloses
“The Chamber would like to reassure the general public that its members are diligently collaborating with the GRA and other important institutions to ensure a smooth implementation of the revised levy beginning on January 11, 2023,” reads the statement.
This is in response to a directive regarding the implementation of the revised rate from the Commissioner General of the Ghana Revenue Authority (GRA).
It stated, “The levy on electronic transfers has been reduced from 1.5% to 1%, while the GHS 100 threshold remains unchanged, 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 E-Levy was added to the budget in 2022 as a way to raise more money to help the government complete important projects and raise service quality for the telecommunications industry.
However, with effect from January 2023, the government decreased the rate from the initial 1.5% electronic transaction levy to 1%.
