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Ghana seeking IMF support for these 3 reasons

The government of Ghana has explained that it is seeking the support of the International Monetary Fund (IMF) for three main reasons. A statement from the Finance Ministry explained the reasons as follows: 1.       Addressing Policy Challenges following the Covid-19 Pandemic and the Russian and Ukraine War The government explained …

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E-Levy second phase to close loopholes, detect avoidance – GRA

  The second phase of the Electronic Transaction Levy (E-Levy), which is expected to begin from July 1 barring any unforeseen glitches, will close all loopholes, detect avoidance and strengthen public confidence in the tax’s collection, Head of Project Management Unit of the Ghana Revenue Authority (GRA), Isaac Kwabena Amoako, has said. …

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We are suffering from E-levy – E-Commerce Association

The E-Commerce Association of Ghana wants government to consider the negative impact of the 1.5 percent Electronic Transaction Levy on their activities. According to the association, the levy has increased the cost of doing business among its members, pushing operators in the E-commerce sector to consider relocating to other West …

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E-LEVY: Check out how much GRA has made so far

The E-Levy was introduced by the government in the 2022 Budget on basic transactions related to digital payments and electronic platform transactions. 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 …

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Know how E-Levy is charged to avoid being defrauded

The Ghana Revenue Authority (GRA) started the implementation of the Electronic Transfer Levey (E-Levy) on May 1, 2022. The implementation of the E-Levy even though has been described as smooth by the authority, has had some challenges, particularly with transfers below GH¢ 100 threshold as well as transfers by the …

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MoMo users in Kumasi draw up ways to avoid E-Levy charges

Panic withdrawals by MoMo users since the introduction of E-Levy People are devising ways to avoid the E-levy E-Levy bill approved by parliament The introduction of the Electronic Transfer Levy has been met with a lot of opposition from various institutions and individuals in the country. Despite the strong opposition …

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We will refund all illegal E-Levy deductions – GRA assures

Implementation of E-Levy starts Minority MPs vow to reverse E-Levy law via courts Ghanaians protest initial challenges with implementation The Ghana Revenue Authority has taken notice of initial challenges experienced in the implementation of the government’s new tax handle, the Electronic Transfer Levy (E-Levy). The GRA has promised that all …

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1.5% E-Levy starts today

E-Levy starts on May 1 The rate was reduced from 1.75% to 1.5% Minority caucus staged a walkout The implementation of the 1.5% Electronic Transfer Levy (E-Levy) begins today, Sunday, 1 May 2022. The levy was passed by Parliament on Tuesday, March 29, 2022, amidst the Minority walkout from the chamber. The …

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