The Ghana Revenue Authority (GRA) has officially announced the abolition of the 1% Electronic Transfer Levy (E-Levy). This move follows the President of the Republic of Ghana’s assent to the Electronic Transfer Levy Act, 2022 (Act 1075), and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089). The abolition took effect on April 2, 2025.
What Does This Mean for You?
From now on, all electronic transactions will no longer attract the 1% E-Levy charge. The GRA has assured the public that its Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically implement the ‘no charge’ on all transactions posted by entities from midnight onwards.
In the official notice, the GRA stated, ‘We wish to inform you that the President of the Republic of Ghana has assented to the Electronic Transfer Levy Act… which abolishes the 1% E-Levy.’
Refunds for Past Charges
If you were charged the E-Levy on or after April 2, 2025, you are entitled to a refund. The GRA has directed all charging entities to immediately process refunds for E-Levy amounts deducted from customers. Entities are also required to put in place an expedited refund process to handle such cases promptly.
Charging entities are expected to keep records of all refunds made and submit the documentation to the GRA. This is to ensure transparency and accountability in the refund process.
Outstanding E-Levy Payments
The GRA also reminded charging entities to settle any outstanding E-Levy charges that were collected before the abolition took effect. Failure to do so may result in penalties or other legal actions.
With the abolition of the E-Levy, Ghanaians can now enjoy electronic transactions without worrying about extra charges. The GRA’s commitment to transparency and fairness continues to guide the implementation of this new directive.
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