President John Dramani Mahama has officially signed into law a series of bills abolishing several controversial taxes, including the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax.
This decision aligns with the National Democratic Congress’s (NDC) pledge to prioritize economic relief for citizens.
On March 13, 2025, Finance Minister Dr. Cassiel Ato Forson presented eight bills to Parliament, targeting the repeal and amendment of various taxes and levies.
Among these were the Electronic Transfer Levy (Repeal) Bill, 2025, and the Emissions Levy (Repeal) Bill, 2025, which had faced widespread criticism for their impact on disposable incomes and industry stakeholders.
The E-Levy, introduced in 2022, imposed a 1% charge on electronic transactions, sparking public resistance due to its perceived financial strain.
Similarly, the Betting Tax, which levied a 10% charge on gambling winnings, drew backlash from the gaming industry.
President Mahama’s swift action fulfills his campaign promise to abolish these taxes within his first 120 days in office, marking a significant step in his administration’s commitment to economic reform.
