Salaries paid via Mobile Money will attract E-Levy – GRA

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fthghana April 12, 2022
Updated 2022/04/12 at 12:43 PM
Salaries paid via Mobile Money will attract E-Levy – GRA, FTHGhana.net

The Ghana Revenue Authority has announced that persons who receive their wages through mobile money platforms are expected to be affected by the recently passed E-Levy.

According to a rep at the Ghana Revenue Authority (GRA), the manner in which the law was passed makes it obligatory that the tax is implemented into the revenue mobilisation stream effective from May 1.

This statement was made by the Principal Revenue Officer and Head of the Project Management Unit at the Authority. They disclosed that salaries paid from their bank accounts onto mobile money platforms, the 1.50% fee will be deducted into the government coffers.

However, Isaac Kobina Amoako made this known during a discussion to clarify the new tax and explained that the framework made by the law as it stands does not distinguish a corporate mobile money account from an individual mobile money account.

“For the banks, the disbursements from corporate accounts were not mentioned so it is clear that, that one is exempt. But in the MoMo, there was no distinction between the corporate MoMo account and the individual MoMo account,” he told Emefa Apawu.

He added that the E-Levy will also affect loan disbursement among other banking transactions.

These concerns, Mr Amoako says, will be forwarded to the Finance Ministry with the hopes of having them addressed. He opined that the potential challenges that may accompany this situation have come to the GRA’s attention.

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