When Will The E Levy Take Effect in 2022?

Gen. Info/Quotes

When Will The E Levy Become Effective? Related to the New Mobile Money Charges in Ghana, as well as the associated E Levy Chart for Mobile Money transactions in Ghana.
When Will The E Levy Become Effective?

The Electronic Levy, abbreviated as the E-levy, was approved by Ghana’s Parliament on Tuesday, March 29th, 2022, and will begin in May 2022.

• The E Levy Effect, as depicted in the E Levy Chart below, indicates the E Levy-related expenses associated with each Mobile Money transfer.

• The E Levy Effect on Momo Transfers, as depicted in the E Levy Chart below, includes a 0.75 percent fee from the telecommunications networks, notably MTN Momo, Vodaphone Cash, and Airtel Tigo Money, in addition to the 1.5 percent E-levy and its equivalent total price for each Momo transfer.

When Does The E Levy Become Effective?

• The E Levy will be implemented in Ghana beginning in May 2022.

• The Ghana Revenue Authority (GRA), in partnership with the telecommunications networks MTN, Vodaphone, and Airtel Tigo, would be in charge of collecting the E levy on behalf of the Ghanaian government.

When Does Ghana’s E Levy Commence?

• The E Levy becomes effective on 1st May 2022.

• This implies that beginning in May 2022, all Mobile Money transfers will incur a 1.5 percent tax on the amount transmitted in addition to a 0.75 percent service charge levied by the telecom networks, as seen in the figure below.

Charges For E-Levy On Mobile Money

MoMo Value of Telecommunications Charges (0.75 percent )

Charges for E-Levy (1.5 percent )

Charges in Total

MoMo Value Telco Charges (0.75%) E-Levy Charges (1.5 %) Total Charges
GHȻ 100 GH 0.75p GHȻ 0.00 GH 0.75p
GHȻ 150 GHȻ 1.125 GHȻ 2.25 GHȻ 3.38
GHȻ 200 GHȻ 1.50 GHȻ 3.00 GHȻ 4.50
GHȻ 300 GHȻ 2.25 GHȻ 4.50 GHȻ 6.75
GHȻ 400 GHȻ 3.00 GHȻ 6.00 GHȻ 9.00
GHȻ 500 GHȻ 3.75 GHȻ 7.50 GHȻ 11.25
GHȻ 600 GHȻ 4.50 GHȻ 9.00 GHȻ 13.50
GHȻ 700 GHȻ 5.25 GHȻ 10.50 GHȻ 15.75
GHȻ 800 GHȻ 6.00 GHȻ 12.00 GHȻ 18.00
GHȻ 900 GHȻ 6.75 GHȻ 13.50 GHȻ 20.25
GHȻ 1000 GHȻ 7.50 GHȻ 15.00 GHȻ 22.75
GHȻ 2000 GHȻ 7.50 GHȻ 30.00 GHȻ 37.50
GHȻ 5000 GHȻ 7.50 GHȻ 75.00 GHȻ 82.50

Chart Of E Levy For Mobile Money

• A 1.5 percent tax is collected from a mobile money account if the amount transferred exceeds GH100, as indicated in the above e levy table.

• The E Levy Charges depicted in the Chart do not apply to mobile money transactions of less than GH100 done by a single individual in a single day.

Charges For E-Levy On Mobile Money

1. A charge of 1.5 percent will be deducted from money transfers made from your Mobile Money account to another account.

2. A 1.5 percent tax will be collected from your Mobile Money Transfers from one mobile money account to another.

3. A charge of 1.5 percent will be levied from all mobile money transactions between your mobile money accounts and your bank accounts.

How To Avoid Having To Pay The E Levy

1. Send GHS100 every day to your recipient’s Mobile Money account until the entire amount you wish to send is depleted.

2. You may send a sum of GHS 3,000 every month to someone; for example, if you want to pay someone GHS 3000 per month, simply transfer GHS 100 per day until she receives GHS 3000, at which point she can cash out.

3. Make large payments in cash rather than via Mobile Money transfers.

4. Use Cheques Instead of Mobile Money Transfers for Large Payments

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