The contentious E-Levy, which once levied taxes on electronic financial transactions in Ghana, has been formally repealed by Parliament. with the passage of the Electronic Transfer Levy Repeal Bill 2025.
The E-Levy levied taxes on electronic transactions, such as bank transfers, inward remittances, and mobile money payments. It was first implemented at 1.75% and later changed to 1%.
The fee, which was implemented in 2022, was strongly opposed by the public and other stakeholders who claimed that it hindered digital transactions and added to the financial burden on citizens.
Thomas Nyarko Ampem, the deputy finance minister, emphasized the financial assistance that the repeal bill provides to Ghanaians during parliamentary discussions. He claimed that the E-Levy’s repeal will essentially give GH¢2 billion back to the populace, reducing financial strain.
Most businesses, individuals and mobile money agents have severely criticized E levy in the past and present. Therefore, the news of its repeal comes with a lot of rejoicing and excitement.
Ghanaians eagerly await further processes to totally abolish the tax to reflect in transactions.
