President John Dramani Mahama has assented to a number of legislative bills which will abolish some taxes, including the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax.
Parliament last week passed some bills submitted by Finance Minister Dr Cassiel Ato Forson.
The bills were presented before the House seeking to repeal and amend some taxes and levies.
The bills included the Electronic Transfer Levy (Repeal) Bill, 2025; Emissions Levy (Repeal) Bill, 2025; Income Tax (Amendment) Bill, 2025; and the Earmarked Funds Capping and Realignment (Amendment) Bill, 2025, among others.
The move is in fulfilment of the 2024 campaign promise made by President John Dramani Mahama.
Presenting the 2025 budget statement and economic policy of the government to Parliament in Accra on March 11, 2025, Finance Minister Dr Cassiel Ato Baah Forson said as part of the government’s 120-day social contract, the government promised to scrap some taxes.
During the presentation, the minister announced that the government has abolished five taxes to provide relief to businesses and stimulate production.
The scrapped taxes announced were the 10 per cent withholding tax on winnings from the lottery, known as the betting tax; the one per cent electronic transfer levy; the emission levy on industries and vehicles; and the value-added tax on motor vehicle insurance policy.
The rest is the 1.5 per cent withholding tax on winning unprocessed gold by small-scale miners.
By: Rainbowradioonline.com/Ghana
