Tag: E-Levy
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We’ll ensure passage of e-levy by end of January – Adu Boahen
The Minister of State at the Ministry of Finance, Charles Adu Boahen, has assured that government will ensure the e-levy is passed in Parliament by the end of this month. Parliament adjourned sitting to January 25, 2022, without passing the controversial Electronic Transfer Levy of 1.75% which government hopes will rake in close to GH¢7…
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E-levy; Telco’s must scrap charges on transfers ahead of implementation – Dr Ampaabeng
As the conversation of the electronic transaction levy continues to hang in the balance in parliament, Tax consultant, Dr Alex Ampaabeng is proposing the scrapping of charges on all mobile money transactions. Dr Ampaabeng believes the removal of the charges by telcos will make the implementation of the levy by the government less burdensome for…
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MoMo agents bemoan lack of engagement on E-levy
The Mobile Money Agents Association of Ghana have bemoaned the lack of engagement on the Electronic Transfer Levy. According to the association, all attempts to have their concerns heard by the government have proved futile. The group has threatened to embark on a demonstration on Thursday, December 23, 2021 against the proposed 1.75 percent E-levy…
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Ministry of Finance denies dropping GH¢2.4 million e-levy service charge
The Ministry of Finance has dismissed allegations that the GH¢241,933,000 allocations in the Appropriations Bill for the Electronic Transactions Levy services have been dropped. It also denied claims that a private firm will be contracted to collect the levy on behalf of the government. The ministry also noted that the Ghana Revenue Authority (GRA) is…
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E-levy will negatively impact fintech companies – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) says the Electronic Transaction Levy introduced by the government in the 2022 budget risks distracting fintech businesses The levy is a 1.75 per cent rate applicable on all electronic transactions apart from those that add up to GH¢100 or less per day or a total of…
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Deputy Finance Minister hints at review of implementation strategy for e-Levy
A Deputy Minister of Finance, Abena Osei-Asare, has hinted that the government may be reviewing the implementation strategy of the proposed Electronic Transaction Levy (E-Levy) in the coming days. Speaking at a Deloitte Economic Dialogue Webinar on the 2022 budget-themed ‘Digitalisation as a catalyst for economic recovery and growth’, Abena Osei-Asare stressed that government is…
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E-levy is critical for improving Ghana’s tax-to-GDP ratio – Ofori-Atta
The Finance Minister, Ken Ofori-Atta has defended the Electronic Transaction Levy proposed in the 2022 budget, saying it will help lift Ghana’s tax-to-GDP ratio to a level comparable to peer economies in the sub-region. At around 12% in 2019 and 2020, and 13% in 2021, Ghana’s tax-to-GDP ratio remains far below the government’s target of…
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E-levy won’t discourage people from going cashless – Adu Boahen
Minister of State at the Finance Ministry, Charles Adu Boahen, is confident the introduction of the Electronic Transaction Levy by the government will not discourage Ghanaians from going cashless. The announcement of the new levy was made during the 2022 Budget reading on Wednesday, November 17, 2021, as part of the government’s strategies to widen…