E-levy deductions to start in May 2022 – Ken Ofori-Atta hints

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The Finance Minister, Ken Ofori-Atta has hinted that the implementation of the Electronic Transaction Levy may commence in May, 2022.

According to him, the Ghana Revenue Authority (GRA) will have all the systems in place for the operationalization of the levy by then.

“I think the nation is settled, there is a certain spirit of calmness…. we had a key meeting with the Controller General and the GRA and they have indicated to us that right at the beginning of May, they should be able to get the systems altogether,” he said.

This revelation follows the passing of the e-levy Bill by Parliament on Tuesday.

The Bill was passed after deliberations at the Consideration Stage was concluded by a Majority-sided House on Tuesday, March 29, 2022.

The Bill, which was considered under a certificate of urgency, proposed a reduced rate of 1.5% from the initial 1.75% amid a Minority walkout. President Akufo-Addo is expected to assent to the Bill for it to become law.

Reacting to this, Mr. Ofori-Atta stated that “I think yesterday, we registered the moment in our history when things came together and we shall move forward and conquer.”

 

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