E-levy Archives - Page 3 of 4

14 Nov

E-levy At 0.5% Would Have Raked In ¢2.64bn Revenue In 2022; Many Transactions Avoiding Levy – Report

wontumionlineBusinessCenter for Economics Finance and Inequality Studies (, E-levy, Mobile money transactions

A research by the Center for Economics Finance and Inequality Studies (CEIS) has indicated that if the rate of the Electronic Transaction Levy (e-levy) had been revised to 0.5%, and 54% of the existing active users patronise “Mobile Money” transactions, the expected revenue for this year will have been a little above ¢2.64 billion. This estimate is greater than the total revenue the government anticipates from the e- levy for 2022. The anticipated revenue from the e-levy for the year 2022 was ¢6.96 billion or $1.15 billion, which was later revised to ¢4.5 billion and again to ¢611 million. The…

10 Oct

We’ve Received GH¢328m From E-levy So Far – GRA

wontumionlineBusinessE-levy, GRA

The Ghana Revenue Authority (GRA) has disclosed that three hundred and twenty-eight million cedis (GH¢328m) has been realized so far from the e-levy. According to Dr. Ammishaddai Owusu-Amoah, Commissioner-General of the GRA this amount is total since the tax took effect from May. “We continue to see increases in the revenue collected and we are confident that this will continue. There is increasingly between 10-15% improvement in collection of the E-levy on a month-on-month basis”, the Commissioner-General, Rev. Dr. Amishaddai Owusu-Amoah disclosed. Meanwhile, the GRA will begin the piloting of an automated Auctioning platform on the Integrated Customs Management System (ICUMS)later…

09 Sep

E-levy Will Be A Very Influential Tax Handle Going Into The Future – Dr. John Kumah

wontumionlineBusinessDr John Kumah, E-levy

Deputy Finance Minister, Dr. John Kumah, says he is very happy Ghana succeeded in passing the E-levy. According to him, in the not-so-distant future, the e-levy will become a very important tax handle for the country. He said this is due to the rapid digitalization of the economy and the gradual acceptance of the tax handle by Ghanaians going forward. Speaking on JoyNews’ PM Express Business Edition, he expressed optimism that when the e-levy finally becomes viewed as a normal feature of the digital economy, the country will begin to reap the reward. “Well, let me say that I am…

25 Aug

Ghanaians Know That The NPP Is The Only Party That Could Fix The country- Lakulaku

wontumionlineFeatured, News, TrendingE-levy, Lakulaku, Tax

A member of the New Patriotic Party’s (NPP) communications team, Abubakar Suleman popularly known as Lakulaku, has said that even Ghanaians know that the NPP is the only party that could make the country prosper..... Speaking to Kwaku Dawuro on movement in the morning show, the former NASARA coordinator therefore pleaded with the members of the party to come together because they could only break the eight with a united front. "I will plead with all party members, especially those who feel offended by an action of another member or executive, to calm down and let go of every issue, so…

01 Aug

Gov’t Reduces E-levy Revenue Target For 2022 To GH₵611 Million

wontumionlineBusinessE-levy

Government has once again revised its revenue target for the Electronic Transfer Levy (E-Levy) for this year to GH₵611 million. The government had hoped to rake in about GH₵6.9 billion from the collection of the levy on mobile money and other electronic transactions, but the figure was revised downwards to about GH₵4.9 billion following the delay in the passage of the e-levy bill. The levy, which was initially pegged at 1.75 percent on mobile money and other electronic transactions, was later reduced to 1.5 percent following protests from various stakeholders. After the delay in the passage of the e-levy bill…

29 Apr

E-levy Will Fix Unemployment Crisis- LPG National Youth Organizer Says (VIDEO)

wontumionlineFeatured, NewsE-levy, Ghana, LPG, NPP

A National Youth Organizer for the Liberal Party of Ghana (LPG), Clement Boadu, has said that the electronic levy (e-levy) will help fix the unemployment crisis in Ghana. This comes after the host of Movement In The Morning Political Show, Oheneba Nana Asiedu asked of his opinion on the implementation of the e-levy come May 1st, 2022. He said “As a National Youth leader, I believe e-levy will support young entrepreneurs through the YouStart initiative which will help reduce the current state of unemployment among the youth. For the first time, we have the privilege to present our ideas for…

25 Apr

NDC Runs To The Supreme Court With Baseless Appeals- Lawyer Agbotey

wontumionlineFeatured, NewsE-levy, Ghana, NPP

Private legal practitioner, Lawyer John Agbotey, has said that the National Democratic Congress (NDC) are fond of running to the Supreme Court with baseless appeals. Speaking on Movement In the Morning Political Show, he said, "NDC affirms to E-levy helping Ghana off camera, they know very well that the levy will boast the country's GDP but they will never admit" He added that, “most of the appeal that are sent to the supreme court are cases with baseless appeals but they do that intentionally even when they are aware they will not win but they do that intentionally to make the…

25 Apr

E-Levy Funds Must Not Be Embezzled- Kusi Boafo Pleads To NPP

wontumionlineFeatured, NewsE-levy, Ghana, minstry of finance, Thomas Kusi Boafo

The Chief Executive Officer for Public Sector Reform, Mr Thomas Kusi Boafo, has pleaded with the New Patriotic Party to ensure that e-levy funds are not embezzled. Speaking on Movement In The Morning Political Show on Movement TV, he said, “if Ghanaians are aware government is using e-levy for development, it will build trust and the New Patriotic Party (NPP) can brag about it during 2024 election campaign. We need to put in collective effort to take care of the funds to prevent embezzlement”. “International Monitory Fund (IMF) did not benefit Ghana; the conditions attach continuously increases our debt rate…

20 Apr

The Court Cannot Put An Injunction On E-levy- Lawyer William Kusi Tells NDC

wontumionlineFeatured, NewsE-levy, Haruna Iddrisu, minority leader

Private legal practitioner, Lawyer William Kusi, has said that the court cannot put an injunction on the Electronic Transfer Levy Act, 2022 (Acts 1075) that was passed by parliament on Tuesday 29th March, 2022. “Parliament has a role to play, similarly the court has its role. Both parties do not interfere in each other’s dealings. E-levy was implemented by parliament, and that is the business of government, the court cannot stop it from running”, he said in a telephone interview on Movement TV. The minority members of parliament led by the minority leader, Haruna Iddrisu, Mahama Ayariga, and Samuel Okudzeto…

24 Mar

Kusi Boafo Warns NDC MPs: If You Don’t Pass E-Levy, Don’t Expect Your Salaries

wontumionlineFeatured, NewsE-levy, Thomas Kusi Boafo

The head of Public Sector Reforms, Mr. Thomas Kusi Boafo, is warning the minority NDC MPs to expect their salaries to be delayed if they would come to terms and help the sitting government pass the E-levy presented to Parliament. “If you won’t pass E-levy then money to pay your salary would not come as expected”, Mr. Kusi Boafo said as he addressed the controversial stance taken the NDC MPs. He also took a swipe at them for refusing to join government appointees in accepting a pay cut in their salaries. According to him, if the NDC MPs would not…