In a major economic relief for Ghanaians, President John Dramani Mahama has officially assented to bills repealing the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Levy. This move fulfills a key campaign promise of the National Democratic Congress (NDC) and aims to ease financial burdens on citizens and businesses.
E-Levy Officially Abolished
Parliament passed the Electronic Transfer Repeal Bill 2025, effectively scrapping the controversial E-Levy, which taxed digital financial transactions in Ghana.
The E-Levy, initially introduced in 2022 at 1.75% and later reduced to 1%, applied to mobile money payments, bank transfers, and inward remittances. However, the tax faced widespread criticism, with opponents arguing that it:
- Imposed undue financial hardship on Ghanaians
- Discouraged digital transactions, hindering financial inclusion
- Negatively impacted small businesses and mobile money operators
By repealing the E-Levy, the Mahama administration seeks to boost digital transactions, enhance financial accessibility, and drive economic growth.
Betting Tax Scrapped
Another tax abolished under Mahama’s leadership is the Betting Tax, which imposed a 10% charge on gross winnings from gambling activities.
The tax was met with strong resistance from gaming industry investors and betting enthusiasts, who argued that it stifled business growth and deterred participation.
Emissions Levy Removed
The Emissions Levy, introduced to tax vehicle emissions, has also been repealed. Many critics viewed the tax as an unnecessary financial strain on vehicle owners, especially at a time when the cost of fuel and vehicle maintenance is already high.
Fulfilling Mahama’s Campaign Pledge
This landmark decision aligns with President Mahama’s 2024 campaign pledge to abolish these taxes within his first 120 days in office. The move underscores the NDC government’s commitment to:
- Easing the financial burden on Ghanaians
- Encouraging economic growth and investment
- Enhancing digital financial inclusion
Business owners, mobile money agents, and financial analysts have welcomed the repeal, anticipating a surge in digital transactions, improved business operations, and increased economic activity.
With these tax cuts, the Mahama administration is signaling its pro-people, pro-business approach, setting the stage for further economic reforms.