Ghana’s Parliament has officially approved the Electronic Transfer Levy (Repeal) Bill 2025, marking the end of the controversial E-Levy tax on electronic financial transactions. The move is expected to encourage digital payments and ease financial burdens on citizens.
The E-Levy, introduced in 2022 at 1.75% and later reduced to 1%, was imposed on mobile money payments, bank transfers, and inward remittances. While it was initially aimed at expanding the country’s tax base, it faced widespread public resistance. Many argued that the levy discouraged digital transactions and placed an extra financial strain on individuals and businesses.
Deputy Finance Minister Thomas Nyarko Ampem, during parliamentary debates, emphasized that the repeal would return GH¢2 billion to the Ghanaian people, providing much-needed financial relief. The government sees this as a step toward promoting financial inclusion and enhancing the accessibility of digital payment platforms without additional costs.
Financial analysts and mobile money agents, who had long criticized the levy for slowing digital transactions, have welcomed the repeal. With this legislative change, Ghana’s financial sector is expected to experience a resurgence in electronic transactions, fostering economic growth and strengthening the country’s digital economy.
