01
May
E-levy Takes Effect Today Effective today, Sunday, May 1, 2022, the government’s new 1.5% tax that affects most electronic financial transfers kicks in. The controversial tax has been in the offing since November 2021 when Ken Ofori-Atta announced its planned implementation in the presentation of the 2022 budget statement. After two separate unsuccessful attempts to get it passed between December and February 2022, due to fierce resistance from the minority National Democratic Congress (NDC) caucus in parliament, it was passed in March 2022 after the minority caucus boycotted the session. The E-levy was initially pegged at a rate of 1.75%,…