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Welcome to the official e-levy api documentation , this seeks to give you dynamic contents and changes that may occur in the near future

What is E-levy

The E-Levy is a new tax measure that will be applied only to the originator of a transaction on an electronic platform. Electronic platforms include the following: fintech platforms, online banking, and momo platforms.

How much is the E-Levy percentage?

The E-Levy stood at 1.75 %. However, the revised e levy percentage is now 1.50%. The government will apply a rate of 1.50% on all applicable transactions.

How will the e-levy be applied?

The levy will be applied to every transaction above GHS 100 on a daily basis. That is, after every GHS 100(cumulative spend) in a day the e-levy will be applied. For example, if Kofi sends GHS 50 to his sister in the morning and sends another GHS 50(totaling GHS 100) to his brother in the afternoon, he will not pay the E-levy. However, any other payment after this threshold will attract the e-levy. That being said, everyone is given a Tax-free amount of 100gh every day.

What does the e-levy affect?

E-Levy affects Mobile money transfers done between accounts on the same MOMO network(MTN-MTN, VODA-VODA, AIRTELTIGO-AIRTELTIGO). Mobile money transfers from an account on one network to another network(MTN-VODA or AIRTELTIGO transfers). Transfers from bank accounts to mobile money accounts. Transfers from mobile money account to bank accounts.

What transactions are excluded from the E-Levy

Transfer between accounts owned by the same person: if you are sending money to your own account (i.e., of the same person) then you will not be charged the E- Levy. A transfer from Kojo’s Tigo wallet to his MTN wallet or from his CBG bank account to his CB bank account or from his savings account to his current or investment account, will not attract the levy. Transfers between momo merchants(agents & super agents), Transfers for payment of Taxes. Electronic clearing of cheques.

What does this mean to the average Ghanaian?

According to the Minister, every Ghanaian is expected to pay a GHS 1.50 charge on all transactions above GHS 100. A GHS 15.0 charge on all transactions above GHS 1000. And a GHS 150.0 charge on all transactions above GHS 10,000 and so on. Mobile money payments, bank transfers, merchant payments, and inward remittances are all examples of electronic transactions that will be taxed. He did, however, clarify that any transaction under GHS 100 in a day is zero-rated and incurs no additional fees.

Want to deep dive?

Dive a little deeper and start exploring our API reference to get an idea of everything that's possible with the API:

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