Public Management

Ghana: Govt agrees to revise e-levy downwards

Ghana: Govt agrees to revise e-levy downwards
Thursday, 02 December 2021 13:57

The Ghanaian Parliament says it will downwardly revise the levy it has recently imposed on e-transactions.

Speaking on the local TV channel Joy News on November 30, deputy majority leader Alexander Afenyo-Markin (pictured) said the tax should eventually be cut to at least 1.5% from 1.75%. “We have agreed on the policy. Now the government will come with a bill, in that bill, we will go clause by clause and that is where the extended stakeholder consultation engagement will again come up. We will look at certain provisions and then deal with certain concerns […] for nothing at all when it comes to the bill, we know that government has shifted from 1.75% to 1.5%,” he confirmed

The decision follows complaints from the public and a boycott of discussions in the National Assembly by the parliamentary minority, which had called for a tax of between 0.5% and 1% or no tax at all.

During a webinar organized by the Institute of Financial Journalists and the Parliamentary Press Corp on November 23, the deputy finance minister revealed that the 1.75% tax is expected to bring in about 6.9 billion cedis ($1.12 billion) for the state in 2022. The levy will be applied to the amount of every transaction above GHS 100 daily. That is, after every GHS 100 (cumulative spend) the e-levy will be applied.

Muriel Edjo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025. The fintech...
• Kenya and ASR sign deal to reduce risk on projects worth up to $2 billion.• Risk cover will target infrastructure, energy, logistics, and trade...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.