Parliament has officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing the controversial E-Levy, which previously taxed electronic financial transactions in Ghana.
The E-Levy, which was initially introduced at 1.75% before being revised to 1%, imposed taxes on electronic transactions, including mobile money payments, bank transfers, and inward remittances.
The levy, introduced in 2022, faced significant opposition from the public and various stakeholders who argued that it placed an additional financial burden on citizens and discouraged digital transactions.
During parliamentary debates on the repeal bill, Deputy Finance Minister Thomas Nyarko Ampem highlighted the financial relief the move brings to Ghanaians. He stated that the abolishment of the E-Levy will effectively return GH¢2 billion to the people, helping to ease financial pressures and improve livelihoods.
The repeal of the E-Levy aligns with the government’s efforts to promote financial inclusion and encourage the use of digital payment platforms without imposing additional costs on users.
Many business owners, mobile money agents, and financial analysts had previously criticized the levy, citing its impact on digital transactions and financial accessibility.
With the passage of the Electronic Transfer Levy (Repeal) Bill 2025, Ghana’s financial sector is expected to witness increased electronic transactions, boosting digital commerce and economic growth.
