Parliament has approved the Electronic Transfer Levy Repeal Bill 2025.
This has, in effect, abolished the E-Levy, which previously taxed electronic financial transactions in Ghana.
Deputy Finance Minister Thomas Nyarko Ampem, debating the bill in parliament, argues that scrapping the E-Levy will bring financial relief to Ghanaians.
He noted that scrapping the levy will effectively return GH¢2 billion to the people, helping to ease financial pressures and improve livelihoods.
President John Dramani Mahama is expected to assent to the bill so it will take effect.
The repeal of the E-Levy is in fulfilment of the President’s campaign promise.
It is intended to promote financial inclusion and encourage the use of digital payment platforms without imposing additional costs on users.
The previous government introduced the levy despite opposition from the Ghanaian public, particularly mobile money vendors.
The original percentage was 1.75% before being revised to 1%.
It imposed taxes on electronic transactions, including mobile money payments, bank transfers, and inward remittances.
By: Rainbowradioonline.com/Ghana
