E-Levy Chart and MoMo Charges in Ghana

The Electronic Transaction Levy (e levy) has been passed in Ghana. Find out the meaning, chart, and charges on mobile money (MoMo) as well as transactions covered under E-Levy in Ghana.

What is the Meaning of E-Levy?

E-Levy is an acronym for Electronic Transaction Levy a tax applied on transactions made on electronic or digital platforms such as Mobile Money (MoMo) and Bank Transfer.

When is E-Levy Starting in Ghana?

The E-Levy is starting in May 2022. The Controller and Accountant General Department (CAGD) and the Ghana Revenue Authority (GRA) has indicated that at the beginning of May all system will be set.

About E-Levy (Ghana)

The Electronic Transaction Levy commonly known as E-Levy Bill was passed after deliberations at the Consideration Stage was concluded by a Majority-sided House of parliament on Tuesday, March 29, 2022.

The e-levy provides a means for all Ghanaians to help support their country and grow this economy as compliant citizens giving to Caesar what belongs to Caesar.

The significance of the e-levy in Ghana means that the finances of our country are not rudderless. It means there is deliberateness, care, compassion, and forbearing. It means there is accountability. It means the economy is being managed well. This is a true story.

The Bill, which was considered under a certificate of urgency, proposed a reduced rate of 1.5% from the initial 1.75% charges.

Delivering the 2022 State of the Nation Address (SONA22) in Parliament, President Akufo-Addo has expressed delight at Parliament’s approval of the Electronic Transactions levy (e-levy). President Akufo-Addo is expected to assent to the Bill for it to become law.

E-Levy Transactions Will Not Cover

The following transaction will not cover any charges on e-levy

  1. Cumulative transfers of GH¢100 per day made by the same person.
  2. Transfers between accounts owned by the same person.
  3. Transfers for the payment of taxes, fees, and charges on the Ghana.gov portal.
  4. Electronic clearing of cheques.
  5. Specified merchant payments (i.e. payments to commercial establishments registered with GRA for Income Tax and VAT purposes).
  6. Transfers between principal, master-agent, and agent’s accounts.

E-Levy Transactions Will Cover

The following transaction will be charged by e-levy

  1. Mobile Money Transfers between accounts on the same electronic money issuer (EMI).
  2. Mobile Money transfers from an account on one EMI to a recipient on another EMI.
  3. Transfers from bank accounts to mobile money accounts.
  4. Transfer from mobile money accounts to bank accounts.
  5. Bank transfers on a digital platform or application originate from a bank account belonging to an individual to another individual.

E-Levy Chart and Charges on Mobile Money (MoMo) in Ghana

Below is a table showing the calculation of the E-levy at various transaction amounts.

AmountMoMo ChargeE-Levy ChargeTotal ChargesTotal Amount Deducted
GHS 50.00GHS 0.50GHS 0.50GHS 50.50
GHS 100.00GHS 0.75GHS 0.75GHS 100.75
GHS 150.00GHS 1.13GHS 2.25GHS 3.38GHS 153.38
GHS 200.00GHS 1.50GHS 3.00GHS 4.50GHS 204.50
GHS 250.00GHS 1.88GHS 3.75GHS 5.63GHS 255.63
GHS 300.00GHS 2.25GHS 4.50GHS 6.75GHS 306.75
GHS 500.00GHS 3.75GHS 7.50GHS 11.25GHS 511.25
GHS 600.00GHS 4.50GHS 9.00GHS 13.50GHS 613.50
GHS 700.00GHS 5.25GHS 10.50GHS 15.75GHS 715.75
GHS 800.00GHS 6.00GHS 12.00GHS 18.00GHS 818.00
GHS 900.00GHS 6.75GHS 13.50GHS 20.25GHS 920.25
GHS 1,000.00GHS 7.50GHS 15.00GHS 22.50GHS 1,022.50
GHS 2,000.00GHS 15.00GHS 30.00GHS 45.00GHS 2,045.00
GHS 5,000.00GHS 37.50GHS 75.00GHS 112.50GHS 5,112.50
GHS 10,000.00GHS 75.00GHS 150.00GHS 225.00GHS 10,225.00
GHS 20,000.00GHS 150.00GHS 300.00GHS 450.00GHS 20,450.00

The MOMO Tax in Ghana is now a 1.5 % (percent) charge on all electronic transactions (E levy).

Here is the list of e levy charges/taxes on mobile money (MoMo) transactions in Ghana.

NB:

  • The Telcos have agreed to reduce charges from 1% to 0.75%
  • The E-Levy Charges have been reduced from 1.75% to 1.5%
  • There are no e levy charges for the first GH¢ 100 per day

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