It was rolled out by the Ghana Revenue Authority (GRA) on May 1, 2022, after the E-levy Bill was passed by Parliament and subsequently assented to by President Akufo-Addo.
Who Will Be Collecting the E-Levy?
The Ghana Revenue Authority (GRA) will collect and account for the Levy.
The Ghana Revenue Authority has disclosed that the Electronic transfer levy (e-levy) is already raking in significant revenue for the country.
Head of Project Unit at GRA, Isaac Kwabena Amoako said collections from a single charging entity amounted to more than one million cedis in one day.
In an interview with Mr. Kwabena Amoako on “Joy FM‘s Super Morning Show” monitored closely by Frencheducationgh.com, on Monday, May 9, while giving an update on the levy after a week of implementation, Mr. Kwabena Amoako disclosed this:
“The letters we sent to the charging entities were that, after every 48 hours, they should send us the Money. So our first Money should have come on Tuesday, but it didn’t come then we went to Wednesday and we saw some making attempts. So on Thursday, we went on our internal system [the Tax Application System] and we saw the invoices and we collated the invoices.”
“As of the close of Thursday, we had had the invoice of a number of charging entities and one of the charging entities which owns more than 70% of the population had in excess of GH₵1million for just one day. So assuming all the others are not paying and this entity alone sends GH₵1million every day for 30 days. This means we are getting GH₵30million per month from just one charging entity,” he added.
