Finance

All you need to know about E-Levy

E-Levy has been passed by Parliament

The rate was reduced from 1.75% to 1.5%

Minority caucus staged a walkout

Following the passage of the Electronic Transactions Levy (E-Levy) on Tuesday, March 29, 2022, the Ministry of Finance has issued a document with guidelines towards its full implementation in May 2022.

With President Nana Addo Dankwa Akufo-Addo yet to assent to the Bill, the Ministry has put out a document that contains some questions that are likely to be asked by the general public with some answers provided.

In the four-page document which is available to GhanaWeb, the Finance Ministry provided answers to some pertinent questions such as;

What is the E-levy? What is the rate of the levy? Why has the government decided to levy electronic transfers? What will the revenue generated by the E-Levy be used for? and how will the levy be applied? among others.

Meanwhile, Ken Ofori-Atta, the Finance Minister while speaking to journalists in Parliament on the sidelines of the State of the Nation Address, SoNA, hinted that already his outfit has begun some discussions with the Controller and Accountant General’s Department (CAGD) and the Ghana Revenue Authority (GRA) towards a smooth implementation of the policy.

He said the CAGD and GRA “have indicated to us that, right at the beginning of May, they should be able to get their systems together.”

Please read the full document below:

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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