Ghanaians are to pay a 1.75% electronic transaction levy, the Minister for Finance, Ken Ofori Atta, has announced at the 2022 Budget Statement and Economic policy.
Transaction Levy pegged at 1 and 75 per cent charge on all electronic transactions.
Finance Minister Ken Ofori Atta, announced in Parliament on Wednesday, November 17, in Accra
According to him, the proposed Electronic Levy, would enhance financial inclusion and protect the vulnerable.
He explained that transactions covering mobile money payments, bank transfers, merchant payments, and inward remittances will have the levy imposed on them and will be borne by the sender.
However, the levy will be waived for transactions that amount to GHS 100 or less in a day or approximately GHS 3,000 per month.
The Minister said portions of revenue collected from the levy would support entrepreneurship, youth employment, cybersecurity, digital, and road infrastructure among others.
Source: sacredmediaonline.com/
Send your news stories and articles to expressnewsgh@gmail.com or via WhatsApp +233 0543 900 732
