Ghana’s new tax levy for electronic payments hasn’t gone off without a hitch.
Business owners took to social media to complain about implementation of the e-levy which they say has drawn inaccurate deductions.
The controversial e-levy went into effect May 1 and charges a 1.5% tax on all electronic transactions over 100 Ghana cedi ($13 USD).
The e-levy was introduced in November. More than 1/3 of payments in Ghana are already made through mobile payment systems. Parliamentary leaders have said the new payment tax will support the economy.
The passing of counterfeit money, for example, has been an issue in Ghana’s financial system.
The e-levy has been met with criticism since it was announced last year. Tensions over the then-proposed payment system even led to a brawl in parliament in December.
Ghana’s Supreme Court is scheduled to hear arguments over the e-levy on May 4.
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