TRANSACTIONS TO BE AFFECTED BY E-LEVY

April 2, 2022
3 years ago

 

The levy will not be applied to the following transactions in compliance with the E-Levy Act, 2022(1075):

 

1. A daily transfer of one hundred Ghana Cedis by the same individual.

 

2. A transfer of funds between accounts held by the same individual.

 

3. A transfer to pay taxes, fees, and charges on the Ghana.Gov system or any other payment system designated by the Ghanaian government;

 

4. Payments to specific merchants

 

5. Account transfers between the principal, agent, and master-agent; and

 

6. Checks cleared electronically.

 

The following sorts of transfers will be subject to the levy:

 

1. Transfers of mobile money between accounts with the same electronic money issuer.

 

2. Mobile money transfers from an account on one electronic money issuer to a recipient on another electronic money issuer.

 

3. Move money from your bank account to your mobile money account.

 

4. Make a bank account transfer from your mobile money account.

 

5. Bank transfers on an instant pay digital platform or application originating from an individual's bank account, subject to a Minister-determined threshold.