Tag: E-Levy
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Telcos to implement 1% E-Levy charge from today
The Ghana Chamber of Telecommunications says it will commence the implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% from today, Wednesday, January 11, 2023. The government presenting the 2023 Budget and Economic Policy Statement, reviewed the 1.5 percent electronic transaction levy downwards to 1 percent effective January 2023. The reduction has also…
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E-levy still failing, government must scrap policy – Dr Ampaabeng
Despite the recent announcement of an increase in the revenues generated from the Electronic Transfer Levy, Tax analyst, Dr Alex Ampaabeng is of the view that the policy ought to be reviewed or scrapped entirely. He stated that “E-levy as it stands, I would say it has failed and it’s got to the point where…
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Stakeholders call for increased transparency in how E-Levy funds are used
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Dr. Ing. Kenneth Ashigbey, has backed calls for transparency in the manner in which funds accrued from the Electronic Transfer Levy (E-Levy) are used. One of the sources the government was hoping would help it raise much-needed revenue is the E-Levy, but information from government’s…
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Use Mid-Year budget review to reduce E-Levy rate – Prof. Quartey
Ahead of the presentation of the 2022 mid-year budget review, the Institute of Statistical, Social and Economic Research (ISSER), is calling for a reduction in the current charge rate of the Electronic Transfer Levy (E-Levy). The presentation of the Mid-Year budget review by the Minister of Finance Ken Ofori-Atta, which is expected to come off…
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E-Levy won’t be terminated because of IMF bailout – Gov’t assures
As government commences its in-person meetings with the delegation from the International Monetary Fund (IMF) team, led by Mission Chief for Ghana, Carlo Sdralevich, starting, Wednesday July 6, 2022, it is assuring that the controversial Electronic Transfer Levy (E-Levy) will not be terminated. According to the IMF, it stands ready to assist Ghana to restore…
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We’re not charging E-levy on merchant accounts – GRA
The Ghana Revenue Authority (GRA) has denied reports on various social media platforms indicating that the authority will from today, Friday, July 1, 2022, begin charging the 1.5 percent Electronic Transfer Levy (E- Levy) on merchant SIM cards. According to the authority, the levy does not apply to specified merchant payments per section 2 (2)…
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Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst
As stakeholders express concern about the low level of revenue being generated from the Electronic Transfer Levy (E-Levy), a tax analyst is warning that government is likely to withdraw the tax measure if the revenue yields remain low. The implementation of the E-levy, which commenced in May, was originally expected to help bring in about…
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‘We’ve generated only 10% of estimated E-Levy revenue so far’ – Gabby Otchere-Darko
The electronic transactions levy (e-levy) introduced by government to generate additional cash for the government is raking in only 10% of estimated revenue, according to a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko. The government commenced the implementation of the levy on May 1, 2022, after its initial announcement in the…
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Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA
After the initial challenges that fraught the first few days of the implementation of the electronic transfer levy, over 120,000 customers have so far been reimbursed for wrongful deductions. Head of Project Management Unit at the Ghana Revenue Authority Isaac Kobina Amoako stated that “The data we had for those who had a refund on…
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We’ll do what is possible for implementation of E-levy next month – Telecoms Chamber
The Chief Executive of the Chamber of Telecommunications, Ing. Dr. Kenneth Ashigbey, says telecom operators will do their best to ensure the required systems are put in place to collect the E-levy. He said he is uncertain if they will be able to finish the process within the one-month window. Speaking on the Citi Breakfast Show on…