Ghana: Implemented Electronic Transfer Levy Act, 2022 (Act 1075) including provisions for digital service providers

On 1 May 2022, the Electronic Transfer Levy Act 2022 (Act 1075) enters into force, establishing a 1.50% levy on electronic transfers. The levy applies to transactions facilitated by electronic money issuers, payment service providers, and banks, including mobile money transfers and bank transfers on instant pay platforms. The Act specifies exemptions for inter-account transfers and tax-related payments to government entities. The Ghana Revenue Authority is responsible for overseeing the collection and administration of the levy, with monitoring mechanisms, including regular reporting requirements, to ensure compliance.