Scrapping of E-levy: Any inadvertent deduction will be refunded – Ghana Chamber of Telecomms CEO

The Chief Executive Officer of the Ghana Chamber of Telecommunications, Dr Ken Ashigbey, has assured customers that any deductions made on their transactions by any of its members from midnight of April 2 will be refunded.

He has therefore urged persons who may suffer such deductions not to panic.

“Because of the shortness of the notice, if there is any charge of e-levy inadvertently, the charging entity will be the one to refund because they will not be passing on any e-levy to the Consolidated Fund,” Dr Ashigbey assured.

According to him, the telecommunications companies are all set to charge zero percent for e-levy effective April 2 as directed by the Ghana Revenue Authority.

Speaking in an interview on TV3’s News 360, Dr Ashigbey said “What will happen is that by tomorrow when you send mobile money, what you will see is that e-levy will be zero. There will be no charge.”

This follows President John Mahama’s assent to the Bill passed by Parliament to that effect earlier in the day and the subsequent issuance of guidelines by the Ghana Revenue Authority (GRA) to the charging entities such as the telecommunications companies.

In the letter issued by the Domestic Tax Revenue Division of the GRA to charging entities, it said with effect from midnight of April 2, the Electronic Transfer Levey (E-levy) has been scrapped.

“We wish to inform you that the President of the Republic of Ghana has assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, which abolishes the 1% E-Levy. This is expected to take effect from today 2nd April 2025,” parts of the letter read.

It said, “In accordance with our previous communication regarding implementation guidelines, this letter serves as formal authorization for you to proceed with the deployment of the “no charge” configuration on your platforms.”

Dr Ashigbey confirmed that the GRA has passed on the information and assured of cooperation in that regard.

“We have had a meeting with the GRA. The notice is short, but the EMIs are working to ensure that by midnight when the GRA sets the ELMAS to zero, we will also be able to follow through and by morning, we will also be able to set our systems to charge zero percent e-levy,” he said.

 

 

 

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