President Akufo-Addo on Thursday, March 31, 2022, signed the E-levy Bill into law.
As a result, the Bill, which was passed by Parliament on Tuesday, has now become a binding law which will be operationalised as a revenue measure across the country.
The Finance Minister prior this disclosed that the implementation of the levy may commence in May, 2022.
He explained that the Ghana Revenue Authority (GRA) will have all the systems in place for the operationalization of the levy by then.
“We had a key meeting with the Controller General and the GRA and they have indicated to us that right at the beginning of May, they should be able to get the systems altogether,” he said.
The Bill was adopted at a reduced rate of 1.5% from the initial 1.75% amid a Minority walkout.
The tax, which has become a subject of debate among Ghanaians is expected to rake in close to ¢6 billion in tax revenue for the country.
By: Rainbowradioonline.com/Ghana
