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Tag: ATM card

  • ATM withdrawals not included in E-Levy

    The Finance Ministry has stated that ATM withdrawals will not attract the 1.5% charge on electronic transfers.

    Also, same person transactions will not attract the E-Levy.

    The E-Levy is a tax imposed on electronic transfers charged at the time of transfer. The levy shall be administered by the GRA and collected through licensed Banks, Specialised Deposit-Taking Institutions, Payment Service Providers(PSPs), and Electronic Money Issuers (EMIs).

    According to the Finance Ministry, this is to help widen the tax net and also afford Ghanaians the opportunity to contribute to nation-building.

    In a document, explaining which transactions or otherwise the E-Levy will affect, the Finance Ministry noted Loan repayments will not attract the Levy if the recipient is registered with the GRA for Income Tax or VAT. “Otherwise, the sender will pay the E-Levy.”

    It also stated that salary payments from corporate bank accounts which are registered with the GRA for income tax or VAT, will be exempted from E-Levy.

    Here is the full document

     

    Source: www.ghanaweb.com

  • Nigerian arrested with over 600 ATM Cards faces fresh probe

    The state has commenced a new investigation into the activities of a Nigerian national arrested with some 656 Automated Teller Machine (ATM) debit cards connected to nine banks operating in Ghana and Nigeria.

    Bachir Musa Aminou, 42, who is facing two counts of electronic trafficking and stealing at the court, pleaded not guilty and has been remanded by the Circuit Court.

    However, his lawyers’ attempt to seek bail for him at the High Court could not be moved due to the latest development.

    In court on Monday, an Assistant State Attorney for the Republic told the High Court presided over by Justice Lydia Osei Marfo that, the state has launched a new investigation into the activities of the accused and could not make it public.

    After an in-camera hearing between the lawyer of the Applicant and the court, the case was adjourned to February 28 for mentioning.

    While adjourning the case, Her Ladyship Justice Osei Marfo said, “by reasons of new development from prosecution, which for security reasons cannot be disclosed in public but made know to counsel for applicant in-camera, this application cannot be heard until the investigations the Republic have launched into the alleged activities of the applicant are completed.”

    Background

    Prosecution led by ASP Yakubu said Aminuo was arrested at KIA for possessing 656 ATM debit cards bearing different names.

    During interrogation, prosecution said the accused stated that the ATM cards were given to him by one Rabiu Suleiman based in Kano State, Nigeria, to be given to one Baffa Bawarije, a Nigerian based in Daira Night City Hotel, Dubai.
    ASP Yakubu said preliminary investigations revealed that on September 12, this year accused was arrested while boarding Ethiopia Airline E.T90 en route to Dubai.

    Prosecution said when the accused was searched, 656 ATM debit cards bearing different names were issued by eight Nigerian banks and one Ghanaian Bank respectively.

    Again, accused had on him $12,000, prosecution said.

    ASP Yakubu said further investigations showed that accused first visited Ghana on April 29, this year, through Aflao border, and departed to Dubai on May 26, this year.

    “Accused second visit to Ghana was on August 20, this year and was arrested the day of his departure to Dubai,” prosecution told the court.

    Source: starrfm.com.gh

  • Smart girl spotted using light from ATM for homework gets new bank account for money (photos)

    A little girl has gone viral on social media after she was seen studying at night in front of an Automated Teller Machine (ATM) gallery. The little could be seen in the photo using the gallery light to study. The photo of the girl was shared on the popular micro-blogging platform, Twitter, by a user identified as Bada Maruf Matthew. Matthew said he spotted the little girl identified simply as Dele at the ATM gallery of a bank along Yaba Road in Ondo state. The man stated that he respects her determination to make it in life.

    He also noted that he wants the post to go viral, and he got his wish. After the post went viral, it was spotted by the bank. The Nigerian bank reacted, stating that Dele’s determination to study is inspiring. The bank also announced that it would offer support to Dele in any way if she is found.

    Matthew later revealed that an account has been opened for the girl by the bank. He shared the name of account and number on the platform, thanking everyone who helped to find her and share her story.

    Source: Yen.com.gh