Ghana’s 2022 Budget Statement and Economic Policy was presented in parliament on 17 November 2021. Proposed fiscal policy measures include the introduction of a new levy on electronic transactions. Considering the growth in electronic transactions for the payment for goods and services, as opposed to cash and cheques, an “Electronic Transaction Levy” or “E-Levy” will be introduced at a rate of 1.75% on electronic transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances. The E-Levy will be borne by the sender (payer), except inward remittances, which will be borne by the recipient. However, all transactions that add up to GHS 100 or less per day will be exempt from the levy. The new E-Levy is to come into effect from 1 February 2022.
Source Orbitax
