The Ghana Revenue Authority (GRA) has officially announced the abolition of the controversial 1% Electronic Transfer Levy (E-Levy).
This follows President John Mahama’s assent to the Electronic Transfer Levy Act, 2022 (Act 1075) and its Amendment Act, 2022 (Act 1089) on Wednesday, April 2, 2025.
GRA has directed all charging entities to immediately reconfigure their systems to ensure no charges are applied to transactions.
A statement issued by the Commissioner of the Domestic Tax Revenue Division, Edward Apenteng Gyamerah, on behalf of the Commissioner-General, confirmed that the GRA Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a ‘no charge’ on all transactions posted from midnight.
The GRA has warned that entities continuing to charge the levy or failing to refund customers will face sanctions under the law.
A key part of the directive requires financial institutions and mobile money operators to initiate immediate refunds to customers who were charged the 1% levy beyond the official abolition date.
Additionally, the GRA has instructed all institutions to account for any outstanding E-Levy collected before April 2, 2025.
“Charging entities are to take the necessary steps to file and pay all outstanding E-Levy charged and collected on all transactions that occurred before April 2, 2025,” the directive stated.
To ensure compliance, the GRA has announced plans for regular checks on all financial institutions and payment platforms.
“Failure to comply with the above directives constitutes an offence, and sanctions will be imposed as prescribed by law,” the statement concluded.
