Ghanaians will now pay e-levy on every money transfer; no more GHC100 threshold

The government has reviewed the electronic levy imposed on all networks for transactions exceeding GH100.

During the budget reading, the government announced a new policy under which Ghanaians will pay an electronic levy on any amount transferred to another receiver.

During the budget reading yesterday, November 25th, finance minister Ken Ofori-Atta revealed that the government will reduce the controversial and burdensome Electronic Transactions Levy (E-Levy) from 1.5% to 1% and remove the GHC 100 transaction threshold.

According to Ken Ofori Atta, the government’s new policy and action are intended to alleviate the suffering of most Ghanaians, as many have complained of hardship in Ghana; an action that most Ghanaians have characterized as “robbing Peter to pay Paul.”

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“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