expressPay E-LEVY monitoring deal suspended
Sources from ExpressPay camp indicate that the initial deal of GHS 241.9 million awarded to them to monitor the collection of the electronic levy (E-Levy) has been unfortunately terminated.
The fact still remains however that the monitoring of the E-levy itself has not been canceled since the Ghana Revenue Authority was tasked after ExpressPay’s cancellation to source another vendor for the job.
It may be recalled that Hon. Samuel Okudzeto Ablakwa allegedly said cabinet and decided to set the collection of the E-levy aside following public outcry and rejection of the 2022 budget and disapproval of the allocation towards it.
Right after the allegation, the Finance minister debunked it saying that the over GHS 240 billion E-levy services deal is very much in pace and will appear in the appropriation bill for the next year and GRA will go ahead and make implementations as planned.
Reliable sources however indicate that the deal has been taken away from ExpressPay and the GRA is working on getting another vendor for the job.
Finance minister, Ken Ofori-Atta, in his 2020 budget statement said beginning January 2022, there will be a 1.75% e-levy on all electronic transactions including mobile money with GHS 100 to be exempted per day.
The announcement was met with public disapproval and criticism on how the -levy will derail the government’s own financial inclusion and digital Ghana agenda, plus it will deplete value for players in the eCommerce and e-Payments industry.
But the government argues that given the immersed growth of digital transactions since COVID-19 in March last year, there’s no better time than now.
While the public was yet chewing on the idea of whether to go ahead with the e-levy as is, reduce it or even increase the exemption threshold, it emerged that the government also sneaked an e-levy service budget of over GHS241.9 million into the budget, meant for the monitoring of its collection.
The Minority in Parliament has sworn to reject that service bill in its totality, while some industry experts have suggested that since mobile money transactions are for instance monitored by the Common Platform already, the monitory e-levy collection should not be a job for another entity at such huge cost to the state.