{"id":1078391,"date":"2022-05-06T13:07:45","date_gmt":"2022-05-06T13:07:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/05\/06\/e-levy-sec-finance-ministry-begin-discussions-to-exempt-investment-transactions\/"},"modified":"2022-05-06T13:07:45","modified_gmt":"2022-05-06T13:07:45","slug":"e-levy-sec-finance-ministry-begin-discussions-to-exempt-investment-transactions","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/05\/06\/e-levy-sec-finance-ministry-begin-discussions-to-exempt-investment-transactions\/","title":{"rendered":"E-levy: SEC, Finance Ministry begin discussions to exempt investment transactions"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"582\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/05\/SEC-LOGO-Posts-1_1256x1050-696x582.jpg\"   alt=\"\" title=\"SEC-LOGO-Posts-1_1256x1050\"\/><\/div>\n<p>The Securities and Exchange Commission (SEC) has begun working with the Ministry of Finance (MoF) regarding the potential exemption of investment transactions from the Electronic Transaction Levy (E-Levy).<\/p>\n<p>It however wants capital market operators to strictly adhere to guidelines issued by the Ghana Revenue Authority over the implementation of the E-Levy until such exemptions<br \/>are granted.<\/p>\n<p>The move by the SEC to get exemption of investment transactions from E-Levy is to prevent reduction in investment transactions.<\/p>\n<p>\u201cIt is estimated that by the start of the second phase (July 1, 2022) of the modified phased-approach adopted by the GRA, charging entities would have completed their integration with the GRA E-Levy Management System (Common Platform), thereby facilitating the complete identification of individuals, verification of daily threshold and exemptions across the various platforms of the Charging Entities\u201d, it pointed out in a statement.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>The SEC however urged all capital market operators to update their customers\u2019 investment records using their individual National Identification Card (Ghana Card). <\/p>\n<p>It also wants the capital market players to ensure full compliance with the directive issued by the SEC in July 2020 on Trust Accounts\u2019 opening, maintenance and operation SEC\/DIR\/003\/07\/2022 which shall become a key ingredient in seeking potential<br \/>exemptions for the market.<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"3YN71bwfoqU\"><iframe loading=\"lazy\" title=\"Aseda fabrics  - Badwam Afisem on Adom TV (6-5-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/3YN71bwfoqU?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) has begun working with the Ministry of Finance (MoF) regarding the potential exemption of investment transactions from the Electronic Transaction Levy (E-Levy). It however wants capital market operators to strictly adhere to guidelines issued by the Ghana Revenue Authority over the implementation of the E-Levy until such exemptionsare granted. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1078393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[9896,2099,2060,457,913,459,1902,2387],"class_list":["post-1078391","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-discussions","tag-elevy","tag-exempt","tag-finance","tag-investment","tag-ministry","tag-sec","tag-transactions"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1078391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1078391"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1078391\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1078391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1078391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1078391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}