Abolished E-Levy awaits President Mahama’s assent

E-Levy Repeal Bill 2025 ApprovedParliament has officially approved the Electronic Transfer Levy (E-Levy) Repeal Bill 2025, marking the end of the controversial tax on electronic transactions.
The levy, which was introduced in 2022, imposed a 1% charge on mobile money payments, bank transfers, and inward remittances.
The repeal of the E-Levy is expected to relieve financial pressures on Ghanaians and encourage the growth of digital transactions across the country.
Many businesses, mobile money agents, and financial experts have long argued that the levy discouraged digital commerce and financial inclusion.

GH¢2 billion back to the people
During the parliamentary debate on the repeal bill, Deputy Finance Minister Mr. Thomas Nyarko Ampem emphasized the financial relief this decision brings to the populace.
“Mr. Speaker, the abolition of the E-Levy will effectively return GH¢2 billion to the people, helping to ease financial pressures and improve livelihoods,” Mr. Ampem stated.
Economic analysts believe that eliminating the E-Levy will lead to a rise in electronic transactions, boosting digital commerce and fostering economic growth.
Many stakeholders had previously criticized the levy for increasing the cost of digital transactions and reducing their accessibility, particularly for low-income earners.

Boosting digital financial inclusion
The repeal aligns with the government’s broader strategy to enhance financial inclusion and encourage the adoption of digital payment systems.
Experts predict that the move will drive up mobile money transactions, stimulate small and medium enterprises (SMEs), and promote seamless financial interactions in Ghana’s digital economy.
The financial sector anticipates a positive shift as transaction volumes are expected to increase now that the cost burden has been lifted.
This could also encourage more businesses and individuals to fully embrace digital financial services without fear of extra charges.

Awaiting presidential assent
Although Parliament has passed the bill, it now awaits the signature of President John Dramani Mahama to officially become law.
The timing of his assent remains uncertain, but sources suggest that the President is likely to approve the repeal given the widespread public support for scrapping the E-Levy.
Until then, businesses and mobile money users are eagerly anticipating official confirmation of the repeal’s implementation, as it is set to significantly impact Ghana’s digital economy and ease financial burdens on millions of citizens.
The question remains: How soon will President Mahama sign the bill into law?