A vice president of the policy think tank IMANI Africa, Kofi Betil has described E-Levy as the most hated tax he has ever come across.
The E-Levy is a Levy on all electronic transfers of money apart from those excluded by law.
The Electronic Transfer Levy Act, 2022 (Act 1075) and Electronic Transfer Levy (Amendment) Act 2022 (ACT 1089) impose a levy of 1% on electronic transfers.
The Levy is charged to the transferor at the time of transfer.