Accra, Ghana – April 3, 2025 – The Ghana Revenue Authority (GRA) has formally announced the abolition of the 1% Electronic Transfer Levy (E-Levy), following 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.
Directive to Financial Institutions
In an official statement issued by Edward Apenteng Gyamerah, Commissioner of the Domestic Tax Revenue Division, the GRA has:
- Instructed all charging entities (banks, mobile money operators, and fintech platforms) to reconfigure their systems immediately to remove E-Levy charges.
- Confirmed that the GRA Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a ‘no charge’ status on all electronic transactions from midnight onwards.
Refunds & Sanctions
The GRA has also warned that:
- Any institution that continues to charge the levy or fails to refund customers will face legal sanctions.
- Financial institutions and mobile money operators must initiate refunds to customers who were wrongfully charged beyond the official abolition date.
The abolition of the E-Levy, initially introduced in 2022 under the previous New Patriotic Party (NPP) administration, has been widely welcomed by businesses and consumers, who view it as a major relief on electronic transactions.
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