E-levy, which simply means Electronic Levy, has become a major news discussion in Ghana recently since Parliament and the government of Ghana approved it. Many Ghanaians ponder a lot about how the E-levy has affected them financially and the best way to transact mobile money (MOMO) and other transactions and skip the E-levy charges. Here are steps to guide you in the full list of Transactions the E-Levy Will cover and those which it’ll not cover.

E-Levy which means Electronic Levy.

E-Levy is an Electronic Transaction Levy

E-Levy is a tax applied on transactions made on electronic and digital platforms in Ghana

The E-Levy was introduced by the Government of Ghana to tax all electronic transactions in the informal sector to broaden the tax net.

The E levy will affect five principal transactions such as mobile money transfers, bank-to-bank transfers, bank-to-mobile money transfers, and online payment transactions with payment platforms such as Visa Card, Master Card, and PayPal among others.

E Levy charges require a 1.5% tax deduction from electronic transactions along with mobile money transfers, bank-to-bank transfers, bank-to-mobile money transfers, and online fee transactions with payment platforms which include Visa Card, Master Card, and PayPal amongst others.