A charging entity had over GHC 1m from E-levy in just a day

ghana revenue authority (GRA)
  • A charging entity had over GHC 1m from E-levy in just a day 
  • The Ghana Revenue Authority, the body responsible for the running of the new Electronic levy has revealed a charging entity made over a million Ghana Cedis in just a day. 
  • The Authority said they were able to know since per arrangements with the charging entities, they are required to transfer proceeds from the E-levy to the Authority every 48 hours.
  • The Ghana Revenue Authority added that it is following conversations on social media, and as necessary, will direct all charging entities to correct anomalies from complaints. 

The Ghana Revenue Authority has revealed a charging entity had over GHC 1m from E-levy in just a day.

The Ghana Revenue Authority (GRA) has reported that one of the charging entities, which controls more than 70% of the population, achieved this feat one day after the e-levy went live on Sunday, May 1.

“The letters we submitted to the charging companies stated that they should send us the money every 48 hours. So our first money was supposed to arrive on Tuesday, but it didn’t, so we went to Wednesday and saw other people trying.

“So on Thursday, we went into our internal system [the Tax Application System] and looked at the invoices and put them all together.”

“As of Thursday evening, we had received invoices from a number of charging businesses, and one of the charging entities, which owned more than 70% of the population, had almost GH1 million in charges for just one day.” So, assuming everyone else isn’t paying, and one organization sends GH1 million per day for 30 days.

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“This means we’re earning GH30 million per month from only one charging entity,” Isaac Kwabena Amoako, Head of Project Unit at GRA, stated on Monday, May 9.

The GRA also stated that it is monitoring social media conversations over the e-levy implementation and evaluating the claims made.

The true clams will be forwarded to the charging entities for the relevant procedures to be taken after they have been assessed.

“We are watching engagement and feedback on social media to validate the allegations to determine whether they are accurate,” Mr Opoku Afryie Asante, a GRA official, said on Monday’s Business Focus on TV3 with Alfred Ocansey.

Florence Otoo, the GRA’s Head of Communications and Public Affairs, had previously stated that the GRA would accept complaints about the policy’s implementation.

A charging entity had over GHC 1m from E-levy in just a day 

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