The Chairman of the National Media Commission, Kabral Blay Amihere addressing the news conference
The collection of the new TV license fee will begin next month.
The revised license fee will see domestic TV users of one TV set pay 36 Ghana cedis annually and two TV sets or more pay 60 Ghana cedis.
Commercial licensed users will pay three Ghana cedis per TV set which is 36 Ghana cedis a year.
Repairers will pay 20 Ghana cedis while retailers pay 60 Ghana cedis monthly.
All sales outlets will pay five cedis and 20 cedis monthly.
The Chairman of the National Media Commission, Kabral Blay Amihere who announced this at a news conference in Accra, said the collection is expected to transform the media landscape.
The NMC has devised a sharing formula which has been agreed by stakeholders including the Ghana Independent Broadcasters Association.
GBC will take 72 percent, GIBA, 15 percent, NMC 4 percent, Media Development Fund 4 percent, the Film Fund 2 percent and management of the TV license fee 3 percent.
The President of the Ghana Independent Broadcasters Association, GIBA, Kwesi Agyeman says GIBA agreed to be part of the TV licence because primarily TV licensing plays a pivotal role in national development.