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Ghana Government to Resubmit Proposed Levy on Electronic Transactions

24 January 2022

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Proposed Changes

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Ghana

On 19 January 2022, Ghana's Minister for Finance, Ken Ofori-Atta, announced that the government will resubmit a proposal for the introduction of a new levy on electronic transactions. As reported earlier, the proposal for the introduction an "Electronic Transaction Levy" or "E-Levy" was included as Part of the 2022 Budget but was rejected in parliament. As originally proposed, the E-Levy would be levied at a rate of 1.75% on electronic transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances. It would be borne by the sender (payer), except inward remittances, which will be borne by the recipient....