E-levy: GRA makes over ¢1m from just one charging entity in a day


    The Ghana Revenue Authority (GRA) has said that the Electronic transfer levy (e-levy) has began paying off as the institution has already raked in more than one million cedis in one day from a single charging entity.

    This was disclosed by Head of Project Unit at GRA, Isaac Kwabena Amoako who added that “the letters we sent to the charging entities were that, after every 48 hours, they should send us the Money. So our first Money should have come on Tuesday, but it didn’t come then we went to Wednesday and we saw some making attempts. So on Thursday, we went on our internal system [the Tax Application System] and we saw the invoices and we collated the invoices.

    “As of the close of Thursday, we had had the invoice of a number of charging entities and one of the charging entities which owns more than 70% of the population had in excess of GH₵1million for just one day.

    “So assuming all the others are not paying and this entity alone sends GH₵1million every day for 30 days. This means we are getting GH₵30million per month from just one charging entity”, he said in an interview with Joy FM on Monday, May 9.

    The 1.5% charge on all electronic transactions, which took effect on Sunday, May 1, has faced some criticisms as some customers have complained of wrongful deductions.

    The rate is expected to apply to electronic transactions that are more than GH¢100 daily but customers have reported of deductions in transactions less than GHc100.

    But the GRA has assured of guidelines to reverse wrong deductions.