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

MoMo Merchant

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.

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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