Regulatory Alerts2022-05-04
Public Notice on Electronic Transfer Levy (E-Levy) Implementation
The Securities and Exchange Commission of Ghana mandates all capital market operators to strictly adhere to Ghana Revenue Authority guidelines regarding the Electronic Transfer Levy (E-Levy) implementation. Operators must update customer investment records using individual National Identification Cards (Ghana Cards) and comply with existing trust account directives to facilitate transaction identification and support ongoing exemption negotiations with the Ministry of Finance. This directive aligns with the GRA’s modified phased approach, requiring full system integration and compliance ahead of the second phase commencing on July 1, 2022.
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