The Ghana Chamber of Telecommunications has, from today, January 11, 2023, commenced the implementation of a 1% fee for all electronic transfers.
This is in line with the announcement of the revision of the Electronic Transfer Levy rate from 1.5% to 1% during the presentation of the 2023 budget statement in parliament by the Minister of Finance, Ken Ofori-Atta,
Parliament then debated and passed the revised E-Levy rates before the house adjourned in December 2022.
“As captured in the Electronic Transfer (Amendment) Act, 2022, Act 1089 which has been passed by the parliament and approved by the President, the electronic transfer levy has been reduced from 1.5% to 1%, while the GHS100 threshold remains unchanged,” The Chamber of Telecommunications stated in a statement before the implementation.
Meanwhile, the Chamber has assured collaboration with the Ghana Revenue Authority and other key institutions to ensure the smooth implementation of the revised rate.
As part of the amendment of the E-Levy law, the government has sought to remove the threshold of GHC100 as exempted by the initial action.
However, who failed as a minority in parliament who opposed the proposal won the vote against.
Source: ghanaweb.com
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