Minority Rejects Proposal From Gov’t To Reduce E-levy From 1.75% To 1.5%

The Minority in parliament has rejected a proposal from the government to reduce the rate of the proposed electronic transactions levy from 1.75% to 1.5 percent.

The reduction is informed by the concession from the Telcos to reduce their 1% charge on transactions by 0.25%.

Sources at the meeting indicate that the Minority is unwilling to compromise.

The e-levy was introduced by the government in the 2022 Budget on basic transactions related to digital payments and electronic platform transactions.

The rate in the budget was 1.75%, and it will apply to electronic transactions that are more than GHS 100 on a daily basis. This is different from the 1% telcos charge on transactions.