Felix Kwakye Ofosu, the Minister of State for Government Communications touted President John Dramani Mahama for making the promise to scrap E-Levy, Betting Tax, and Emission tax and ensuring his promise was kept.
Felix Kwakye Ofosu in a post on X also stated, “President Mahama has this morning assented to the Bills scrapping the E-Levy, Betting Tax and Emissions Levy.
He also assented to Bills that will uncap GETFund, NHIL and RoadFund.Promise made, promise kept”.
The finance minister Dr Cassiel Ato Forson also reacted on X simply stating it is finished and listed the three nuisance taxes.
President John Dramani Mahama 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.
Both the e-levy and betting tax faced strong public opposition, with many in particular arguing the e-levy placed an extra burden on low-income earners and hindered digital operations.
The e-levy was introduced in 2022, initially charged 1.5 per cent and was later reduced to 1 per cent, with the betting tax being introduced in 2023 which took 10 per cent betting wins.
The now finance minister Dr Cassiel Ato Forson during his vetting stated that in his first budget as Finance Minister, he would abolish the betting tax and the e-levy.
According to Ato Forson, the betting tax and e-levy have failed to achieve their purpose.
Appearing before the Appointments Committee of Parliament on Monday, January 13, Dr Forson stated, “I insist that the betting tax must be abolished, and as Finance Minister, I will abolish it in my first budget because it has failed,”
“My position on the e-levy is well known. I have written articles about it, and my position has not changed,” he stated. 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 this morning assented to the Bills scrapping the E-Levy,Betting Tax and Emmissions Levy.He also assented to Bills that will uncap GETFund, NHIL and RoadFund.Promise made,promise kept. pic.twitter.com/UOwT20rWV8
— Felix Kwakye Ofosu (@FelixKwakyeOfo1) April 2, 2025
