Telcos ready to implement revised E-Levy rate of 1% from Wednesday

The Ghana Chamber of Telecommunications has announced that telecom companies are ready to start the implementation of the revised E-Levy rate of 1% from Wednesday January 11.

The Chamber in a statement said following the directive from the Commissioner General of the Ghana Revenue Authority (GRA) the implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1% by Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited, will commence on Wednesday January 11, 2023.

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.

“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,” a statement said.

By Laud Nartey|

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