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    Time to take strategic steps to grow Ghana’s economy is now – Pierre Laporte

    Societe General Ghana partners AGF to provide financing solutions for SMEs

    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

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    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Time to take strategic steps to grow Ghana’s economy is now – Pierre Laporte

    Societe General Ghana partners AGF to provide financing solutions for SMEs

    IMF programme won’t affect free SHS, other flagship programmes – Gov’t

    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

    Node 8, HTU hold first edition of Node X in Ho

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

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    Time to take strategic steps to grow Ghana’s economy is now – Pierre Laporte

    Societe General Ghana partners AGF to provide financing solutions for SMEs

    NPA encourages consumers to lodge complaints of foul play at the pump for redress

    Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

  • TECHNOLOGY

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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We’re working to ensure successful implementation of E-levy – Telcos Chamber

byBobbie Osei
April 14, 2022
in Banking And Finance, Local Economy, News, Tax, Telecommunications, Top Stories
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The Ghana Chamber of Telecommunications, says despite the tough demands that come with the reconfiguration of the systems of Electronic Money Issuers (EMI’s) in Ghana, for the implementation of the Electronic transfer Levy (E-Levy), its members are committed to making sure the implementation comes off successfully.

The implementation of the E-levy, which is expected to commence in May 2022, was originally expected to help bring in about GH¢6.9 billion this year to shore up government’s revenue.

The Finance Minister, Ken Ofori-Atta, in an interaction with the media, mentioned that government expects systems that will pave the way for the implementation of the electronic transfer levy to be ready from May 2022.

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According to Mr. Ofori-Atta, there have been discussions with the Controller and Accountant General’s Department, the Ghana Revenue Authority and other stakeholders in this regard.

The levy is a 1.5 percent tax on electronic transfers that include, but is not limited, to mobile money transfers done between accounts on the same electronic money issuer, mobile money transfers from an account on one electronic money issuer to a recipient on another electronic money issuer, transfers from bank accounts to mobile money accounts, and transfers from mobile money accounts to bank accounts.

The charge will apply to electronic transactions that are more than GH¢100 on a daily basis.

Speaking to Citi Business News on the readiness of the Electronic Money Issuers (EMI’s), Chief Executive Officer of the Ghana Chamber of Telecommunications, Kenneth Ashigbey said they are working with government to ensure the project succeeds.

“We are committed to working with government to make this happen. Not only would we have to do things on our part in terms of configuring our systems and effecting whatever changes that need to be made. It is a tough ask, but as I’ve said, we would on our part work with government and do whatever is feasible and engineering possible to ensure that this project succeeds.”

Mr. Ashigbey further added that all stakeholders are collaborating effectively around the clock to ensure there are no issues.

“We are in constant communication with the Ghana Revenue Authority (GRA) and the [sector] Ministry. There are things we all need to do on our part. It’s for all of us to do what it takes to make this happen. I have to say that it’s really been very cordial and frank. We know that on the side of GRA, they are really putting in the work. We also are putting in the work from our side to ensure we are able to deliver the project as has been defined.”

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