According to the Finance Minister, Ken Ofori-Atta, the new levy will affect five principal transactions, key among them mobile money transactions.
The transactions that the tax will affect are as follows:
1.Mobile money transfers between accounts on the same electronic money issuer (EMI).
2. Mobile money transfers from an account on one EMI to a recipient on another EMI.
3.Transfers from bank accounts to mobile money accounts.
4.Transfer from mobile money accounts to bank accounts.
5.Bank transfers on a digital platform or application which originate from a bank account belonging to an individual to another individual.
However, the following six transactions will not be affected by the E-Levy:
1.Cumulative transfers of GH¢100 per day made by the same person 2.Transfers between accounts owned by the same person
3.Transfers for the payment of taxes, fees, and charges on the Ghana.gov platform
4.Electronic clearing of cheques
5.Specified merchant payments (that is, payments to commercial establishments registered with the GRA for income tax and VAT purposes)
6.Transfers between principal, master agent and agent’s accounts.
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