The implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% kicks off today, Wednesday, January 11.
The Ghana Chamber of Telecommunications has announced its preparedness to implement the new rate.
The service providers are Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited.
In a press release issued on Tuesday, the Chamber said its members are working assiduously with the Ghana Revenue Authority (GRA) and other institutions, to ensure a seamless implementation of the revised E-Levy rate.
“The Chamber would like to assure 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, January 11, 2023”.
This follows a directive from the Commissioner General of the Ghana Revenue Authority (GRA), on the implementation of the revised rate.
“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”, it said.
The E-Levy was introduced in the 2022 budget as additional revenue mobilisation handle to support government’s quest to undertake some critical projects and improve the quality of service for the telecommunication industry.
However, government revised the rate from the initial 1.5 percent electronic transaction levy downwards to 1 percent effective January 2023.
Latest Stories
-
Change is the only constant – Sam Jonah urges graduates to embrace AI
17 mins -
Usyk beats Fury via split decision to become undisputed heavyweight champion
19 mins -
‘Heroism is not exclusive to men’ – Sir Sam Jonah calls for gender parity in leadership
33 mins -
Sam Jonah’s graduation address highlights role of youth in overcoming global issues
54 mins -
Ghana offers African Americans a path to healing and reconnection – Sam Jonah
1 hour -
Raymond Anokye Asante scores brace as Udinese U19s beat Napoli on penalties
1 hour -
GPL: Berekum Chelsea come from behind to beat Asante Kotoko
2 hours -
CAF African Schools Football Championship finals 2024 to be staged in Zanzibar
3 hours -
Ghana’s Emmanuel Dogbevi honoured with prestigious African Capacity Building Foundation Award
3 hours -
Chelsea win fifth straight title as Hayes signs off in style
3 hours -
AAFCON 2024: Black Challenge players leave for Egypt to defend title
3 hours -
MTN Ghana celebrates World Telecommunication Day with a renewed commitment to digital innovation
3 hours -
Leverkusen make Bundesliga history by ending season unbeaten
3 hours -
Pan African Media Lawyers Union launched to safeguard journalists’ rights at 3rd African Media Convention
4 hours -
Defe Defe: A ‘Testimony’ that Ghanaian gospel music can lead too – A Review
4 hours