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Ghana Cuts Revenue Forecast From E-Levy After Political Fallout

Ghana has reduced expectations for revenue collection from the newly introduced electronic-transactions levy this year by at least 10 times, after the rate was cut and implementation delayed.

West Africa’s second-largest economy is looking to generate 611 million cedis ($72.6 million) from the tax on digital payments, including mobile-money, compared with an earlier projection of 7 billion cedis made in November, the Ministry of Finance said in a statement.