APPROVAL OF THE E-LEVY BILL INTO LAW
Table of Contents
• Parliament of Ghana has approved the Electronic Transfer Levy Bill on Tuesday, 29th March, 2022.
• The Bill was adopted at a reduced rate of 1.5% from the initial 1.7% amid the Minority walkout.
• The Electronic Transfer Levy Bill has been assented into Law by President Nana Addo Dankwa Akufo-Addo on Thursday, 31st March, 2022.
READ ALSO: The 5 transactions affected by E-levy
• The Electronic Transfer Levy Act, 2022 (Act 1075) imposes a levy of 1.5% on all electronic transfers.
REDUCTION OF MOMO CHARGES
• According to the Minister of Communications and Digitalization Hon. Ursula Owusu-Ekuful, the Telcos have agreed to reduce the 1% Momo charges to 0.75% on any transaction effective 1st May, 2022.
COMMENCEMENT OF E-LEVY CHARGES
• The Ghana Revenue Authority has announced the effective implementation of the Electronic Transfer Levy Act on Sunday, 1st May, 2022.
READ MORE: GRA announces transfers that are excluded from E-Levy charges
HOW TO CALCULATE AMOUNT CHARGE BY TELCOS ON MOMO AND THAT OF GRA ON E-LEVY
• Mathematically, multiple any amount of money you want to transfer by 0.75% (0.0075) to get the charge of MoMo transaction.
• Also, multiple any amount of money you want to transfer by 1.5% (0.015) to get the E-levy charges on any transaction.
READ ALSO: GRA announces entities responsible for charging E-Levy
NEW MOBILE MONEY CHARGES IN GHANA
The table below shows new mobile money charges and E-levy charges on all transactions.
READ MORE: Electronic Transfer Levy Act, 2022 assented and gazetted – Download
| MOMO VALUE | TELCO CHARGES (0.75%) | E-LEVY CHARGES (1.5%) | TOTAL CHARGES |
| GH₵ 100 | GH₵ 0.75 | GH₵ 0.00 | GH₵ 0.75 |
| GH₵ 150 | GH₵ 1.125 | GH₵ 2.25 | GH₵ 3.375 |
| GH₵ 200 | GH₵ 1.50 | GH₵ 3.00 | GH₵ 4.50 |
| GH₵ 250 | GH₵ 1.875 | GH₵ 3.75 | GH₵ 5.625 |
| GH₵ 300 | GH₵ 2.25 | GH₵ 4.50 | GH₵ 6.75 |
| GH₵ 350 | GH₵ 2.625 | GH₵ 5.25 | GH₵ 7.875 |
| GH₵ 400 | GH₵ 3.00 | GH₵ 6.00 | GH₵ 9.00 |
| GH₵ 450 | GH₵ 3.375 | GH₵ 6.75 | GH₵ 10.125 |
| GH₵ 500 | GH₵ 3.75 | GH₵ 7.50 | GH₵ 11.25 |
| GH₵ 550 | GH₵ 4.125 | GH₵ 8.25 | GH₵ 12.375 |
| GH₵ 600 | GH₵ 4.50 | GH₵ 9.00 | GH₵ 13.50 |
| GH₵ 650 | GH₵ 4.875 | GH₵ 9.75 | GH₵ 14.625 |
| GH₵ 700 | GH₵ 5.25 | GH₵ 10.50 | GH₵ 15.75 |
| GH₵ 750 | GH₵ 5.625 | GH₵ 11.25 | GH₵ 16.875 |
| GH₵ 800 | GH₵ 6.00 | GH₵ 12.00 | GH₵ 18.00 |
| GH₵ 850 | GH₵ 6.375 | GH₵ 12.75 | GH₵ 19.125 |
| GH₵ 900 | GH₵ 6.75 | GH₵ 13.50 | GH₵ 20.25 |
| GH₵ 950 | GH₵ 7.125 | GH₵ 14.25 | GH₵ 21.375 |
| GH₵ 1000 | GH₵ 7.50 | GH₵ 15.00 | GH₵ 22.50 |
| GH₵ 1,500 | GH₵ 11.25 | GH₵ 22.5 | GH₵ 33.75 |
| GH₵ 2,000 | GH₵ 15.00 | GH₵ 30.00 | GH₵ 45.00 |
| GH₵ 2,500 | GH₵18.75 | GH₵ 37.50 | GH₵ 56.25 |
| GH₵ 3,000 | GH₵ 22.50 | GH₵ 45.00 | GH₵ 67.50 |
| GH₵ 3,500 | GH₵ 26.25 | GH₵52.50 | GH₵ 78.75 |
| GH₵ 4,000 | GH₵ 30.00 | GH₵ 60.00 | GH₵ 90.00 |
| GH₵ 4,500 | GH₵ 33.75 | GH₵67.50 | GH₵ 101.25 |
| GH₵ 5,000 | GH₵ 37.50 | GH₵ 75.00 | GH₵ 112.50 |
| GH₵ 5,500 | GH₵ 41.25 | GH₵ 82.50 | GH₵ 123.75 |
| GH₵ 6,000 | GH₵ 45.00 | GH₵ 90.00 | GH₵ 135.00 |
| GH₵ 6,500 | GH₵48.75 | GH₵ 97.50 | GH₵ 146.25 |
| GH₵ 7,000 | GH₵ 52.50 | GH₵ 105.00 | GH₵ 157.50 |
| GH₵ 7,500 | GH₵ 56.25 | GH₵ 112.50 | GH₵ 168.75 |
| GH₵ 8,000 | GH₵ 60.00 | GH₵ 120.00 | GH₵ 180.00 |
| GH₵ 8,500 | GH₵ 63.75 | GH₵ 127.50 | GH₵ 191.25 |
| GH₵ 9,000 | GH₵ 67.50 | GH₵ 135.00 | GH₵ 202.50 |
| GH₵ 9,500 | GH₵ 71.25 | GH₵ 142.50 | GH₵ 213.75 |
| GH₵ 10,000 | GH₵ 75.00 | GH₵ 150.00 | GH₵ 225.00 |
| GH₵ 15,000 | GH₵ 112.5 | GH₵ 225.00 | GH₵ 337.50 |
| GH₵ 20,000 | GH₵ 150.00 | GH₵ 300.00 | GH₵450.00 |
| GH₵ 25,000 | GH₵ 187.5 | GH₵ 375.00 | GH₵ 562.5 |
| GH₵ 30,000 | GH₵ 225.00 | GH₵ 450.00 | GH₵ 675.00 |
| GH₵ 35,000 | GH₵ 262.5 | GH₵ 525.00 | GH₵ 787.50 |
| GH₵ 40,000 | GH₵ 300.00 | GH₵ 600.00 | GH₵ 900.00 |
| GH₵ 45,000 | GH₵ 337.5 | GH₵ 675.00 | GH₵ 1,012.5 |
| GH₵ 50,000 | GH₵ 375.00 | GH₵ 750.00 | GH₵ 1,125.00 |
SOURCE: Coverghana.com.gh
