Parliament has officially passed the Electronic Transfer Levy Repeal Bill 2025, removing the controversial E-Levy that taxed electronic financial transactions in Ghana.
Deputy Finance Minister Thomas Nyarko Ampem highlighted that abolishing the E-Levy would return GH¢2 billion to the public, easing financial pressures and improving living standards.
Further, he revealed that the repeal of the E-Levy aligns with the government’s goal to promote financial inclusion and encourage the use of digital payment platforms without additional costs to users.
“With the passage of the Electronic Transfer Levy (Repeal) Bill 2025, the financial sector in Ghana is to see an increase in electronic transactions, which will boost digital commerce and drive economic growth.”
The government introduced the E-Levy in 2022 at a rate of 1.75%, later reducing it to 1%. It taxed electronic transactions such as mobile money payments, bank transfers, and inbound remittances.
The levy faced significant opposition from the public and various groups, who argued that it imposed an unfair financial burden and discouraged digital transactions.
