E-levy: President Akufo-Addo Signs The Bill Into Law.

President Akufo Addo

The Electronic Transaction Levy (E-levy) bill has been signed into law by President Nana Addo Dankwa Akufo-Addo.

On Wednesday, March 30, Finance Minister Ken Ofori-Atta said that deductions will begin in May of this year.

The Controller and Accountant General (CAGD) and the Ghana Revenue Authority (GRA) have assured him of this, he stated.

He added, “we had some discussions with the Controller and Accountant Generals Department (CAGD) and the Ghana Revenue Authority (GRA), and they indicated they should be able to put their system together right at the beginning of May.”

Kojo Oppong Nkrumah, the Information Minister, has disputed that the E-levy will put the telecom industry out of business.

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He also shot down allegations that the E-levy will put the MoMo industry out of business.

When the Communication Service Tax (CST) was established, he remarked that the same justification was used.

According to Ofoase Ayirebi, a member of Parliament, the poor have been excused from paying owing to the less than 100 cedis threshold.