 takes effect today, January 11, 2023.){kind=link}
The implementation of the revised 1% Electronic Transfer levy (E-Levy) takes effect today, January 11, 2023.
The Telcos have sent messages announcing the revised rates to their subscribers.
MTN Ghana’s message to its subscribers read: “Y’ello valued customers! Please be informed that the E-Levy charge has been reduced from 1.50% to 1%, effective January 11, 2023.” The charge applies to Momo transfers above GHS 100 daily. Thank you. “Kindly visit http://www.mtn.com.gh or http://www.gra.gov.gh for more details.
The Ghana Chamber of Telecommunications will commence the implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% from today, January 11, 2023.
During the presentation of the 2023 Budget and Economic Policy Statement, government announced a review of the 1.5 percent electronic transaction levy to 1 percent effective January 2023.
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A proposal that received Parliamentary approval.
In a statement, The Ghana Chamber of Telecommunications said it was working assiduously with the Ghana Revenue Authority (GRA) and other key institutions, to ensure a seamless implementation of the revised levy from Wednesday, January 11, 2023.
A Summary of the Economic and Financial data for May 2022 revealed a decline in active mobile money subscribers saw from to from 18.9 million to 18.6 million recorded the previous month recorded in April 2022.
After the implementation of the E-levy the mobile money industry was greatly affected as it reportedly lost 4,000 active agents.
Their numbers dropped 454,000 in April to 458,000 which also reflected in a drop in value of transactions by GH¢2.8billion within the period under discussion.
Ghana | Atinkaonline.com | Vivian Adu