Management of the Ghana Revenue Authority (GRA) has released the certified Electronic Transfer Levy charges on all transfers/Transactions.
According to GRA, the taxable amount on a transaction is above GH¢100.
The Electronic Transfer Levy imposes a 1.5% on transactions as stated by the Act.
GRA announces transfers that are excluded from E-Levy charges
Explaining further, the Ghana Revenue Authority said, any transaction on GH¢100 or smaller will not be charged E-levy.
They again said, when you transfer an amount of GH¢150 in a day, the taxable amount will be on GH¢50 only. This means that, your first GH¢100 transfer will not be charged E-levy.
But, subsequent transfers aside the first GH¢100 will be charged E-levy.
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Example, if AGBONI transfers GH¢150 to his mother in the morning, he will be charged E-levy amounting to 0.75p only on the GH¢50. If he transfers another GH¢200 to his father in the afternoon, at this time, he will be charged E-levy amounting to GH¢3 on all the GH¢200.
Check below, the certified E-levy charges published by GRA.
| Transfer amount | Taxable amount (Above GHS100) | E-levy charges
1.5% |
Total charges |
| 20.00 | N/A | N/A | N/A |
| 50.00 | N/A | N/A | N/A |
| 80.00 | N/A | N/A | N/A |
| 100.00 | N/A | N/A | N/A |
| 150.00 | 50.00 | 0.75 | 0.75 |
| 200.00 | 100.00 | 1.50 | 1.50 |
| 300.00 | 200.00 | 3.00 | 3.00 |
| 400.00 | 300.00 | 4.50 | 4.50 |
| 500.00 | 400.00 | 6.00 | 6.00 |
| 600.00 | 500.00 | 7.50 | 7.50 |
| 700.00 | 600.00 | 9.00 | 9.00 |
| 800.00 | 700.00 | 10.50 | 10.50 |
| 900.00 | 800.00 | 12.00 | 12.00 |
| 1,000.00 | 900.00 | 13.50 | 13.50 |
| 2,000.00 | 1,900.00 | 28.50 | 28.50 |
| 5,000.00 | 4,900.00 | 73.50 | 73.50 |
SOURCE: Coverghana.com.gh
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