Finance Minister Dr. Cassiel Ato Forson, has announced the abolition of some controversial taxes imposed by the previous administration.
Presenting the 2024 Budget Statement and Economic Policy of the government in Parliament on Tuesday March 11, 2025, Ato Forson mentioned that, government will abolish the 10% withholding tax on winnings from lottery, Electronic Levy and Emissions Levy.
“we will abolish the 10% withholding tax on
winnings from lottery, otherwise known as the
“Betting Tax”, we will abolish the Electronic Transfer Levy (E
Levy) of 1%;
we will abolish the Emissions Levy on industries and vehicles”.
He further stated that, “we will abolish the VAT on motor vehicle
insurance policy; and
we will abolish the 1.5% withholding tax on
winning of unprocessed gold by small-scale
miners”.
Dr. Ato Forson emphasized government’s commitment to removing taxes to ease the
burden on Ghanaian households.
He reiterated government’s effort to support business growth and improve tax compliance.
“the removal of these taxes will ease the
burden on households and improve their disposable
incomes. In addition, it will support business growth and improve tax compliance”.
