According to the Ghana Revenue Authority (GRA), the country’s electronic transfer levy (e-levy) is already generating significant revenue.
Isaac Kwabena Amoako, GRA’s Head of Project Unit, stated that a single charging entity collected more than one million cedis in a single day.
Mr. Kwabena Amoako made the announcement on Joy FM’s Super Morning Show on Monday, May 9, following a week-long update on the levy’s implementation.
“The letters we sent to the charging entities 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 some making attempts.”
“So, on Thursday, we went into our internal system [the Tax Application System] and looked at the invoices and compiled them.”
“As of Thursday evening, we had received the invoices of a number of charging entities, and one of the charging entities, which owns more than 70% of the population, had more than GH?1 million for just one day.”
“Assume everyone else isn’t paying and this entity sends GH?1 million every day for 30 days.” Does this mean we’ll be getting GH? 30 million dollars per month from a single charging entity.