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Salaries Paid Via MoMo Will Attract E-Levy – GRA Warns

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E-levy: GRA To Refund All Wrongful Deductions To Consumers

The Ghana Revenue Authority (GRA) has indicated that workers who receive their salaries through mobile money platforms will have E-Levy charges on them.

According to a Principal Revenue Officer and Head of the Project Management Unit at GRA, Isaac Kobina Amoako, workers should brace themselves for this, starting May 2022.

“… salaries are paid from their bank accounts onto mobile money platforms, the 1.50% fee will be deducted into the government coffers.”

The incident of the E-Levy charges on salaries paid via MoMo will be on the employer and not the employee.

He stated that this is because a portion of their money is expected to be affected by the recently passed E-Levy.

Mr. Amoako explained that the controversial E-Levy is structured so that tax is factored into all revenue mobilisation streams.

In an interview with Joy News, the GRA official added that the Authority is ready to implement the E-Levy from May 1.

The official further explained that the current framework created by the law as it stands does not distinguish a corporate mobile money account and an individual mobile money account.

For the banks, the disbursements from corporate accounts were not mentioned so it is clear that one is exempt. But in the MoMo, there was no distinction between the corporate MoMo account and the individual MoMo account,” he told JoyNews.

He also revealed that this will also affect loan disbursement among other banking transactions.

He concluded by saying E-Levy will not be charged on salaries paid through the traditional way, i.e banks.

 

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Source: GhArticles.com

BUSINESS SPECIAL

Lemonade Finance presents John Dumelo in “For Mama”

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Lemonade Finance presents John Dumelo in “For Mama”

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.

 

On October 14th, 2022, Lemonade Finance announced John Dumelo, a veteran actor and entrepreneur alongside Deloris Frimpong Manso popularly known as “Delay” and Dr Likee as Brand Ambassadors.

 

In the heartwarming “For Mama”, he affirms the brand’s promise of helping Africans in the diaspora give back and build home. He brings this vision to life using Lemonade Finance.

As an entrepreneur, John Dumelo understands how the financial support of diasporans can be key to livelihood, education and small businesses in Ghana.

 

You can watch the video here:

 

 

“For Mama” is a celebration of giving back, according to Ayoola Salako, Brand Marketing Manager at Lemonade Finance. “This video is a love letter to the many Africans that already trust us to send the sweetness home” Furthermore. “It is also an invitation to Ghanaians and other Africans in the diaspora, to trust Lemonade Finance as the best way to send money home

instantly, at the best rates and at zero fees”.

You can download the Lemonade Finance app on the iOS Store or Google Play Store. Customers who use the code DUMELO during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any other supported African countries.

Find out more about the possibilities of Lemonade Finance on this dedicated page for Ghana.

About Lemonade Finance

Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.

With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.

The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.

The Official Lemonade Finance channels are:

Instagram: @lemonade.finance, @lemonadefinance.gh

Twitter: @LemonadeFinance, @LemonadeFinGH

Facebook: @lemonade.finance, @lemonade.finance.gh

LinkedIn: lemonade-finance

YouTube: LemonadeFinance

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BUSINESS SPECIAL

Lemonade Finance presents Delay in “Wo si woyε musician?”

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Lemonade Finance presents Delay in “Wo si woyε musician?”

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.

 

On October 14th, 2022, Lemonade Finance announced seasoned media personality and serial entrepreneur Deloris Frimpong Manso “Delay” as a brand ambassador, alongside John Dumelo and Ras Nene “Dr Likee”.

 

In “Wo si woyε musician?”, an upcoming act misses his chance to impress Delay with his singing.

What happens next?

 

Find out when you watch the video here:

 

 

“To us, what the Delay brand brings is trust and discipline” says Precious Ama Kwartemaa Oduro, the Ghana country manager for Lemonade Finance.

“Her wit in this ad captures what audiences, young and old have come to expect from the interview style of Obaa Afia Delay. The Yaa Asantewaa of the media industry”.

You can download Lemonade Finance by following: Customers who use the code DELAY during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any of our other supported African countries.

Find out more about the possibilities of Lemonade Finance on this dedicated page for Ghana.

About Lemonade Finance

Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.

With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.

The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.

The Official Lemonade Finance channels are:

Instagram: @lemonade.finance, @lemonadefinance.gh

Twitter: @LemonadeFinance, @LemonadeFinGH

Facebook: @lemonade.finance, @lemonade.finance.gh

LinkedIn: lemonade-finance

YouTube: LemonadeFinance

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Ghana News Articles

Lemonade Finance presents Dr Likee in “Wo bεka nukrε”

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Lemonade Finance presents Dr Likee in “Wo bεka nukrε”

Lemonade Finance presents Dr Likee in “Wo bεka nukrε”

 

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.

 

On October 14th, 2022, Lemonade Finance announced prolific actor and comedian, Dr Likee as a brand ambassador, alongside Deloris Frimpong Manso and John Dumelo. Now, Lemonade Finance is delighted to present the one and only ‘Ras Nene’ in “Wo bεka nukrε”. A first in a series of ads from the company.

Dr Likee stays in his usual character of spreading joy and laughter to his audience. Here, he brings his sharp wit and carefree character to a Chop Bar, hoping to eat and impress his long-time crush, Naomi. Spoiler alert! Thanks to Lemonade Finance, his Borga comes through. You can watch the ad here:

 

 

Dolapo Omotoso, Online Community Manager for Lemonade Finance, who has quickly become Dr Likee’s biggest fan in-house had this to say about the ad and about working with his team.

“The way Dr Likee and his team have taken to bringing our vision to life, in their own unique way has been exciting to watch, he really is a fan favourite. ”

You can download Lemonade Finance by following Customers who use the code DRLIKEE during signup will get a $10, £10 or C$10 cashback when they send over 100 Dollars, Pounds or Canadian Dollars to someone in Ghana or any our other supported African countries.

In addition to this series of ads, the Lemonade Finance website now has a new look, improved functionality, more information and a dedicated page for Ghana.

About Lemonade Finance

Lemonade Finance was founded on a simple goal, to make it easy for Africans to send and receive money from home easily.

With Lemonade Finance, Ghanaians in the UK, USA and Canada can send money to mobile money and bank accounts, at the best rates, instantly and at zero fees.

The Lemonade Finance app is used by thousands of Africans in the United States, Canada and the UK to send money back home to Ghana, Kenya, Nigeria and seven other African countries.

The Official Lemonade Finance channels are:

Instagram: @lemonade.finance, @lemonade.finance.gh

Twitter: @LemonadeFinance, @LemonadeFinGH

Facebook: @lemonade.finance, @lemonade.finance.gh

LinkedIn: lemonade-finance

YouTube: LemonadeFinance

Continue Reading

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