What transfers are not covered by the E-Levy

The Ghana Revenue Authority has announced that the charging of the electronic transfer levy will commence on May 1, 2022.

The authority pending the implementation have outlined transfers that are excluded from the Levy:

a) Cumulative transfer of GHS 100 per day made by the same person using mobile money: Everyone will be able to send up to GHS100 a day without paying the Levy.

b) Transfer between accounts owned by the same person: If you are sending money to your own account, you will not be charged the E-Levy provided your bank or mobile money accounts are linked with your Ghana Card.

Eg. a transfer from Naa’s AirtelTigo wallet to her MTN wallet or from her Fidelity bank account to her Prudential bank account or from CalBank savings account to her current or investment account will not attract the Levy because Naa has linked all accounts with her Ghana Card.

c) Transfers for the payment of taxes, fees, and charges: Any payment of taxes, fees or charges made using the http://Ghana.gov platform or other designated Government of Ghana payment systems will not attract the Levy.

d) Electronic Clearing of Cheques: Clearing of cheques by banks and Specialised Deposit-taking Institutions such as savings and loans companies, etc. will not attract the Levy.

e) Specified Merchant Payments: Transfers made through a payment service (mobile money, bank application, FinTech, etc.) to a commercial establishment which is registered with the Ghana Revenue Authority for the purposes of Income Tax or Value Added Tax are excluded

f) Transfers between principal, agent, and master-agent accounts: To avoid charging the Levy multiple times, transfers among principal, agent, and master-agent are excluded from the Levy.

Eg. a transfer from Naa’s AirtelTigo wallet to her MTN wallet or from her Fidelity bank account to her Prudential bank account or from CalBank savings account to her current or investment account will not attract the Levy because Naa has linked all accounts with her Ghana Card.

Engaging citizens on social media, the GRA has encouraged users to link their SIM cards to the Ghana cards to avoid paying the E-Levy on transfers between the same account.

One user asked, What if I send money from my account using ATM to another bank account of a different person?? Will I pay E-levy??

The GRA responded by saying, Once you register your sim with Ghana Card and do the same with your bank account, the system will detect that both accounts belong to the same person. Therefore you won’t be charged E-levy. if you don’t register with Ghana card, the system will not be able to detect it is the same.