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Ghana Expands Reach of New E-Levy

Salaries received through mobile money platforms in Ghana will be affected by the recently passed Electronic Transfer Levy (E-Levy), which is expected to start in May. Monies from bank accounts to mobile money platforms will attract 1.50% mobile money charge. A principal revenue officer at the Ghana Revenue Authority, Isaac Kobina Amoako said that the current law does not distinguish between corporate and individual mobile money accounts. He revealed that this will also affect loan disbursement among other banking transactions. These concerns, Mr Amoako says, will be forwarded to the Finance Ministry with the hopes of having them addressed. The announcement of the electronic levy has attracted many criticisms since it was announced last year. Debates over this sparked a brawl in Ghana’s parliament. Demonstrations have been staged by the public with many Ghanaian celebrities joining the protests on Twitter, but the government insists the introduction of the new tax will help in gathering money for rapid development in the West African nation.

SOURCE: AFRICA NEWS

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