Controversies on E-Levy seems not ending anytime soon.
The Electronic Levy (E-Levy) which has already taken effect still faces challenges.
According to a post shared by Serwaa Amihere on Twitter, some vendors ask their clients to add E-Levy charges when making payment.
Serwaa Amihere, who doesn’t see any sense in it questioned whether such vendors are okay.
She writes; “Vendors who ask Client to add e levy charges when making payment, are you ok? We should pay e levy for sending money and still pay for you moving you money? Ei”
E-Levy
It’s a levy on all electronic transfers of money apart from those excluded by law. The rate of E-Levy is 1.5%. When a person makes a transfer, the charging entity will add the Levy to the transfer amount and charge the person’s wallet or bank account. The Ghana Revenue Authority (GRA) will collect and account for the Levy.
Below are the entities responsible for charging the Levy;
Mobile Money providers like MTN Momo, Vodafone Cash, AirtelTigo Money, Zeepay, GCB G-Money and Yup Ghana, etc.
Payment Service Providers (PSPs). They include eTranzact, JuniPay, Korba, Nsano etc.
Banks like Consolidated Bank Ghana (CBG), Agricultural Development Bank (ADB), etc.
Specialised Deposit-Taking Institutions (SDIs) such as rural and community banks and savings and loans companies, finance houses etc.
Other Financial Institutions prescribed by Regulations.
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