New Mobile Money Charges in Ghana

Filed photo of people transacting Mobile Money (MoMo) business
Filed photo of people transacting Mobile Money (MoMo) business

APPROVAL OF THE E-LEVY BILL INTO LAW

• 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.

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• 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

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