Parliament has officially passed the Electronic Transfer Levy Repeal Bill 2025, abolishing the contentious E-Levy that taxed electronic financial transactions in Ghana.
Initially introduced in 2022 at 1.75% and later revised to 1%, the levy applied to mobile money payments, bank transfers, and inward remittances.
The E-Levy faced widespread criticism from the public and stakeholders, who argued it imposed undue financial burdens and discouraged digital transactions.
Deputy Finance Minister Thomas Nyarko Ampem, during parliamentary debates, emphasized the financial relief this repeal brings, stating it will return GH¢2 billion to Ghanaians, alleviating financial pressures and improving livelihoods.
The repeal aligns with the government’s push for financial inclusion and aims to encourage the use of digital payment platforms without additional costs. Business owners, mobile money agents, and financial analysts have welcomed the move, anticipating a boost in digital transactions and economic growth.
The bill will now be sent to President John Mahama for assenting.
