President John Dramani Mahama has assented to bills to abolish the Electronic Transfer Levy (E-Levy), Betting Tax, Emissions Levy repeal bills and Emissions Tax
John Mahama’s assenting to the bills follows parliament officially passing the Electronic Transfer Levy Repeal Bill 2025, abolishing the contentious E-Levy that taxed electronic financial transactions in Ghana.
The E-levy Initially introduced in 2022 at 1.5% and later revised to 1%, the levy applied to mobile money payments, bank transfers, and inward remittances.
The E-Levy faced widespread criticism from the public and stakeholders, who argued it imposed undue financial burdens and discouraged digital transactions.
The repeal aligns with the government’s push for financial inclusion and aims to encourage the use of digital payment platforms without additional costs. Business owners, mobile money agents, and financial analysts have welcomed the move, anticipating a boost in digital transactions and economic growth.
The repeal of the E-Levy aligns with the government’s efforts to promote financial inclusion and encourage the use of digital payment platforms without imposing additional costs on users.
Many business owners, mobile money agents, and financial analysts had previously criticized the levy, citing its impact on digital transactions and financial accessibility.
The betting tax which taxed a 10% charge on gross winnings from gambling activities, also faced criticism from investors in the gaming industry.
This move aligns with the National Democratic Congress’s (NDC) commitment to alleviating the financial burden on Ghanaians and also fulfils Mahama’s campaign pledge to abolish these taxes within his first 120 days in office if elected.
See the post below:
President Mahama has assented to E-Levy, Betting Tax and Emissions Levy repeal bills…#GHOneNews #EIBNetwork #GHOneTV #NewsAlert pic.twitter.com/qXthwUjeTm
— GHOne TV (@ghonetv) April 2, 2025
