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The electronic levy placed on transactions over GH100 on all networks has been re-examined by the government.
During the budget reading by the Finance Minister, Ken Ofori Atta on Thursday, November 24, the government introduced a new rule requiring Ghanaians to pay an electronic charge on any funds they send to a different recipient.
During the reading of the budget yesterday, November 25th, finance minister Ken Ofori-Atta revealed that the government will reduce the controversial and burdensome Electronic Transactions Levy (E-Levy) from the current 1.5% to 1% and also remove the threshold from GHC 100 per transaction.
According to Ken Ofori Atta, this new policy and action by the government is to lessen the pain of most Ghanaians as many have complained of hardship in Ghana; an action that most Ghanaians have described as “robbing Peter to pay Paul“.
“As a first step, however, the headline rate will be reduced to one percent of the transaction value alongside the removal of the daily threshold,” Ofori-Atta stated.
Finance Minister Ken Ofori-Atta has said the government will reduce the E-Levy from the current 1.5% to 1%#AsaaseNews pic.twitter.com/PumFXNBHJ2
— Asaase 99.5 (@asaaseradio995) November 24, 2022
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