GCB announces 10 latest updates on E-levy

GCB Bank Limited
GCB Bank Limited

Management of the GCB Bank PLC has announced some ten (10) latest updates about E-levy transactions.

According to the Bank, the implementation of the E-Levy Phase II has been completed, hence the need to release the latest facts on the E-Levy policy.

Kindly note of the following 10 latest facts about E-levy as announced by GCB Bank PLC.


1. GRA is the only entity that has a global view of each person’s transactions. No other institution does.

2. Any transfer emanating from a Corporate account and terminating on a wallet will attract E-Levy.

3. Merchants without TIN on the account will attract E-Levy charges on their transactions.

4. The Only identifier for transactions is Tin for Corporate Institutions & Ghana Card for Individuals.


5. Bulk transfers from accounts terminating on mobile wallets will attract E-Levy charges.

6. Transaction up to GH¢ 100.00 across all channels per mobile Money transfer per day is free. (MTN, AIRTEL TIGO and VODAFONE) any transaction beyond GH¢100.00 will attract E-Levy charges.

7. All transactions are aggregated on the platform (when you perform transactions in ECOBANK 5000,
ABSA 5000, CAL BANK 5000, and GCB 6000,) the extra GH¢1,000.00 will attract 1.5% E-Levy.

8. Transactions above GH¢ 20,000 threshold for (Intra/lnter bank) a day will attract E-Levy.

9. Only account to account transactions up to GH¢ 20,000 are free.

10. E-Levy charges are applied from GRA and not GCB Bank.

SOURCE: Coverghana.com.gh


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