E-levy-implementation

E-levy-implementation – With the bill now a law, implementation has been scheduled to start by May this year, according to Finance Minister.
The Ghana Revenue Authority and Controller and Accountants General Department have been designated collect E-Levy revenues.

President Nana Akufo-Addo quickly signed the controversial E-Levy into law yesterday, March 31, 2022, paving the way for the start of its implementation in May this year. In Ghana, a bill passed in Parliament can only become law after the president signs to give it official approval.

Minister of Finance, Ken Ofori-Atta, had said earlier that the Electronic Transfer Levy implementation would start at the beginning of May this year.

Ken Ofori-Atta explained that the Ghana Revenue Authority and the Controller and Accountant General Department would be the revenue collectors of the new 1.5% levy.
The report said the minister made the comment after the president delivered his State of the Nation Address on Wednesday March 30, 2022.

The E-Levy was passed by Parliament on Tuesday, March 29, 2022, under a certificate of urgency.

President Nana Akufo-Addo has signed the controversial E-Levy bill into law just two days after a one-sided Parliament of Majority MPs passed it.