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Ghana’s Parliament has passed the Electronic Transfer Levy Repeal Bill 2025, officially abolishing the controversial E-Levy, which previously taxed electronic financial transactions.
Initially introduced in 2022 at 1.75% and later reduced to 1%, the levy was applied to mobile money payments, bank transfers, and inward remittances. However, it faced widespread opposition from the public and business community, who argued that it discouraged digital transactions and placed an additional financial burden on citizens.
During parliamentary debates, Deputy Finance Minister Thomas Nyarko Ampem emphasized that repealing the levy would provide financial relief, returning approximately GH¢2 billion to the public and easing economic pressures.
