President John Dramani Mahama has taken a significant step toward fulfilling one of his key campaign promises by signing a series of amended bills into law.
These bills, which abolish several taxes—including the controversial betting tax, e-Levy, and emissions tax—mark a major achievement for his administration.
The signing, which took place in the president’s office, represents an important milestone in efforts to alleviate the financial burden on Ghanaians and foster economic growth. The removal of these taxes aligns with the National Democratic Congress (NDC) party’s manifesto, which emphasized reducing the cost of living and promoting business growth.
In a significant development, Parliament passed a bill on Wednesday, March 26, to abolish the widely debated Electronic Transfer Levy (E-Levy). The decision to repeal the e-Levy has been met with widespread approval from the public, particularly among those who had strongly opposed the tax.
Watch: Phynex - HOPE (official video) on YpuTube https://youtu.be/e_iAMFU61uc?si=b9yEYB-J-hvvf7-R
Introduced in 2022 by the New Patriotic Party (NPP) government, the e-Levy had imposed a 1.5% tax on electronic transactions, including mobile money transfers, bank transfers, and online payments. Since its introduction, the e-Levy sparked protests and public backlash, with critics arguing that it disproportionately affected low-income individuals and the unbanked population. The removal of the e-Levy is seen as a response to the growing dissatisfaction among Ghanaians and a move toward easing the financial strain on citizens.
Social Plugin