President Mahama assents to E-Levy, Betting, Emissions Tax abolishing bills
By DL News
Published
1 min read
The signing, which took place at the President’s office, signals a significant move by the current administration to alleviate the financial strain on citizens and stimulate economic activity across the country.
President John Mahama has officially signed into law a set of new bills that eliminate several unpopular taxes, including the Electronic Transfer Levy (E-Levy), the betting tax, and the emissions tax.
The signing, which took place at the President’s office, signals a significant move by the current administration to alleviate the financial strain on citizens and stimulate economic activity across the country.
These tax reforms align with key commitments made by the National Democratic Congress (NDC) during the election campaign, promising to lower the cost of living and support business growth.
On Wednesday, March 26, Parliament approved the bill repealing the E-Levy, a tax that has sparked national debate since its inception.
The levy, introduced in 2022 by the previous New Patriotic Party (NPP) government, charged a 1.5% fee on various digital financial transactions such as mobile money transfers and online payments. It faced widespread criticism for placing a heavier burden on low-income earners and those without access to traditional banking services.
The repeal has been met with strong public approval, with many Ghanaians praising the government’s decision to remove what they saw as a regressive tax.
