The Ghana Chamber of Telecommunications says telecom companies will commence the implementation of the revised E-Levy rate of 1% from Wednesday, January 11.

In a statement following the directive from the Commissioner General of the Ghana Revenue Authority (GRA), the Chamber said the implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1% by Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited, and Zeepay Ghana Limited, will commence on Wednesday, January 11, 2023.

The Electronic Transfer Levy (Amendment) Act, 2022, Act 1089 passed by Parliament and assented to by the President, saw the downward adjustment of the levy on electronic transfers from 1.5% to 1%, while the GHS 100 threshold remains unchanged.

“The Chamber would like to assure the general public that its members are working assiduously with the GRA and other key institutions, to ensure a seamless implementation of the revised levy from Wednesday, January 11, 2023,” part of the statement said.