Banks assure customers of efficient implementation of e-levy

Banks in Ghana have assured their customers of efficient implementation of the e-levy policy which is expected to start May 1.

Ecobank in a message to all customers on Friday April 29 said “Please rest assure that Ecobank has put in place all the necessary mechanisms to ensure that the e-levy is applied efficiently and conveniently.”

The Consolidated Bank Ghana (CBG) also in a message to customers said “Dear Customer, Please be informed that in line with the Government directive, e-levy charges will apply to electronic transactions, effective May 1, 2022. Thank you.”

The Ghana Revenue Authority (GRA) has asked charging entities for the e-levy implementation to ensure that wrong deductions are reversed smoothly.

The GRA made this order in its administrative guidelines for the implementation of the policy which was published on Friday April 29.

The GRA on Friday April 29 published the full administrative guidelines on the implementation of the e-levy.

The document lists the areas in financial transactions that are covered under the policy and the areas that are not.

The e-levy is expected to start on May 1.

“We had some meetings with Controller and Accountant Generals Department (CAGD) and the Ghana Revenue Authority (GRA) and they have said right at the beginning of May they should be able to put their system together,” the Finance Minister Ken Ofori Atta told TV3’s Roland Walker in Parliament after President Nana Addo Dankwa Akufo-Addo delivered the State of the Nation Address on Wednesday March 3

The GRA on Thursday April 28 modified the phased-approach for the implementation of the e-levy starting May 1.

READ ALSO:  COCOBOD gets $600m for production, warehousing and processing interventions

In a statement, the GRA said “Following the Ghana Revenue Authority’s assessment of the general readiness of some Charging Entities to integrate with the E-levy Management System, the Commissioner General has decided on a modified phased approach for the implementation of the e-levy from 1st May.”

By Laud Nartey||Ghana


Please enter your comment!
Please enter your name here