Ghana: E-Levy Ready Start on May 1, Preparations at 95% – Minister

Ghana’s Deputy Minister of Finance Dr John Kumah has reiterated the government’s readiness to kick off the e-levy which seeks to tax digital transactions on May 1. According to him, the government has all it requires in place to implement the controversial tax in a few days as preparations were at 95%.

Minister Kumah was speaking on a radio interview in Ghana as the government gets ready to start the e-levy tax system only days after the Ghana Revenue Authority had made a similar claim to assure citizens that it had the architectural framework and technology to ensure smooth onboarding of the programme.

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The introduction of the e-levy, a 1.5% tax on all electronic transactions in Ghana, has been the subject of contention among Ghanaians who say it is yet another burden placed on businesses and would rather not pay while the President Nana Akufo-Addo led administration insists it is a way for all Ghanaians to pay their fair share in generating revenue for the country, estimated at 900 million dollars per annum.

Ghana’s parliament passed the bill into law at the end of March, leading to a rally of the country’s bonds and renewed assurances that the country’s economic recovery will be marked by a 15.4% GDP growth by the end of 2022.

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