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Ghana Proposes Levy on Electronic Transactions as Part of 2022 Budget

|Proposed Changes|Ghana
Ghana

Ghana's 2022 Budget Statement and Economic Policy was presented in parliament on 17 November 2021. Proposed fiscal policy measures include the introduction of a new levy on electronic transactions. Considering the growth in electronic transactions for the payment for goods and services, as opposed to cash and cheques, an "Electronic Transaction Levy" or "E-Levy" will be introduced at a rate of 1.75% on electronic transactions covering mobile money payments, bank transfers, merchant payments,…

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