Taxation of digital financial services (DFS) in Africa

Country

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  • Central African Republic flag-icon
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  • Congo, Dem. Rep. of flag-icon
  • Congo, Rep. flag-icon
  • Cote d'Ivoire flag-icon
  • Ghana flag-icon
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Ghana

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Total population : 33.48 M. (2022)
Working age (15-64) population : 19.92 M. (2022)
Mobile money accounts1: 55.3 M. (2022)
Transaction values (% GDP) : 174% (2022)

1Note: Responses are from participants aged +15


Changes to specific taxes on digital financial services in Ghana

Sources

  1. Electronic Transfer Levy Act, 2022
    Ghana applies a 1.5 per cent tax on electronic transaction values, with a cumulative daily exemption up to 100 cedis (GHS 100).
  2. Electronic transfer levy (Amendment) Act, 2022
    Ghana is decreases the tax rate on electronic money transfers to 1%.

Mobile money use and accounts

Evolution in the usage of mobile money
(source: IMF, Financial Access Survey (FAS) (2023) )

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Evolution in mobile money and financial institution accounts
(source: World Bank, Global Findex Database (2021) )

Disparity in Digital Financial Service usage between wealthier and poorer segments of the population
(source: World Bank, Global Findex 2021)

Made or received digital payment (% of each group)

*Note: responses are from participants aged +15

Mobile money accounts (% of each group)

*Note: responses are from participants aged +15

Financial institution accounts (% of each group)

*Note: responses are from participants aged +15

Digital payments and accounts by user group
(source: World Bank, Global Findex 2021)

Adults making or receiving digital payments

Adults with a mobile money account

Adults with a financial institution account

Download the factsheet

Last update : 31/01/2024


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