Ghanaians will now pay e-levy on every money transfer; no more GHC100 threshold

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Government has reviewed the electronic levy laid on transactions above GH100 on all networks.

The government has announced a new policy during the budget reading that Ghanaians will be paying an electronic levy on any amount they transfer to another receiver.

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During the reading of the budget yesterday, November 25th, finance minister Ken Ofori-Atta revealed that the government will reduce the controversial and burdensome Electronic Transactions Levy (E-Levy) from the current 1.5% to 1% and also remove the threshold from GHC 100 per transaction.

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According to Ken Ofori Atta, this new policy and action by the government is to lessen the pain of most Ghanaians as many have complained of hardship in Ghana; an action that most Ghanaians have described as “robbing Peter to pay Paul“.

“As a first step, however, the headline rate will be reduced to one percent of the transaction value alongside the removal of the daily threshold,” Ofori-Atta stated.

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Source: www.ghbase.com

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