Finance Ministry proposes 88% increase in road tolls
The Ministry of Finance has proposed an 88% increase in Road Tolls to the Ministry of Roads and Highways for reintroduction of the Toll’s Amendment Fees and Charges. Government in the 2023 Budget Statement and Economic Policy hinted of reintroducing the road tolls with the Ministry of Finance seeking to amend the fees and charges […]
Peter Terkper says E-Levy should be reduced drastically as Revised E-Levy takes effect Jan. 11
The Ghana Chamber of Telecommunications, says it is working with the Ghana Revenue Authority, GRA and Electronic Money Issuers or Operators of Mobile Money Services and other key institutions to ensure a seamless implementation of the revised Electronic Transfer Levy (E-Levy) rate of one percent, effective Wednesday, January 11, 2023. As captured in the Electronic […]
E-levy to be reduced to one percent -Ofori-Atta
Finance Minister Ken Ofori-Atta says the government will reduce the headline rate of the Electronic Transaction Levy known as E-Levy from the current 1.5 per cent to one per cent. Also, the tax-free daily threshold on the first Ghc100 electronic transaction would be removed. Mr Ofori-Atta said the move was one of the measures the […]
Gabby Asare Otchere Darko laments low returns from E-levy
By: Franklin ASARE-DONKOH Gabby Asare Otchere Darko has bemoaned the low revenue returns from the much-touted Electronic Transfer Levy (E-Levy). In a series of tweets Monday, June 24, 2022 He revealed that the much-touted E-Levy that was expected to inject some capital into the economy has delivered only 10% of the targeted revenue. According to […]
GRA reimburses over 120,000 persons after wrongful E-levy deductions
By: Franklin ASARE-DONKOH Ghana Revenue Authority (GRA), says it has reimbursed over 120,000 customers for wrongful deductions days after the implementation of the electronic transfer levy. Head of Project Management Unit at the GRA, Mr. Isaac Kobina Amoako, who made this known to the media said, “The data we had for those who had a […]
E-LEVY Implementation under control – Ken Ofori Atta
By Yvonne Atilego Minister of Finance Ken Ofori-Atta says the government has everything under control with regards to technical issues and matters arising from the implementation of the E-levy. According to him, there is going to be a structural solution to end all these technicalities soon. Speaking at a media briefing in Accra, Mr. Ofori-Atta […]
Momo Agents show support for E-Levy, but advocate more education
By Mercy Darko The Mobile Money Agents Association of Ghana has appealed to President Akufo Addo to as a matter of urgency address challenges emanating from the introduction of the E-Levy, the new Tax regime which began May 1, 2022. According to the Agents, they are not against the introduction of the E-Levy, however, there […]
1.5% E-Levy coupled with existing 1% Telecoms charge takes toll on Mobile Money Businesses
By Gifty Adunyah Few days into the implementation of the E-levy, some citizens have complained about the lack of understanding and education on the various E-Levy deductions. Some Mobile Money merchants have consistently complained of low patronage, with some expressing misgivings, while others threatened to close down their shops. A young SHS graduate who is […]
We remain more determined despite dismissal of E-levy injunction application – Tamale South MP
By: Franklin ASARE-DONKOH Three Minority Members in Parliament who filed an injunction application at the Supreme Court say they remain more determined than before in their pursuit of justice despite the Court’s dismissal of the injunction against the Electronic Transfer Levy (E-levy). Ghana’s Apex Court on Wednesday, May 4, 2022, unanimously dismissed an injunction application […]
Supreme Court throws out injunction application against E-levy
SOURCE: GRAPHICONLINE The Supreme Court has dismissed an interlocutory injunction filed by three minority MPs seeking to halt the implementation of the electronic transfer levy (E-Levy). In a unanimous decision today, a seven -member panel of the apex court held that irreparable damage will be caused to the public if the implementation of the E-Levy […]
