Prime News Ghana

Akufo-Addo signs E-levy bill into law

By Justice Kofi Bimpeh
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President Akufo-Addo has signed into law the Electronic Transfer Levy Bill also known as the E-levy.

His action now paves the way for the implementation of the levy.

This comes barely a day after the Minority in Parliament filed a suit at the Supreme Court to challenge the passage of the levy, insisting parliament did not have the numbers to pass it.

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Check out the transactions that will be affected by E-Levy

Parliament passed the bill on Tuesday, March 29, 2022, in the absence of the Minority MPs, who had walked out before the Bill was considered at the second reading stage.

The levy, which was amended from 1.75 percent to 1.5 percent on Tuesday, March 29, 2022, will be a tax on electronic transactions, which includes mobile-money payments.

The charge will apply to electronic transactions that are more than GH¢100 on a daily basis.