 following the passage of the Electronic Transfer Levy Repeal Bill 2){kind=link}
Parliament has officially repealed the Electronic Transfer Levy (E-Levy) following the passage of the Electronic Transfer Levy Repeal Bill 2025, marking the end of the widely debated tax on digital financial transactions.
The E-Levy, introduced in 2022 at 1.75% before being revised to 1%, imposed taxes on electronic transactions, including mobile money payments, bank transfers, and inward remittances. The levy faced intense public opposition, with critics arguing that it increased the financial burden on Ghanaians and discouraged digital transactions.
During parliamentary debates, Deputy Finance Minister Thomas Nyarko Ampem emphasized the financial relief the repeal would bring, stating that its abolishment will return GH¢2 billion to Ghanaians, easing financial pressures and improving livelihoods.
The move aligns with the government’s broader strategy to promote financial inclusion and encourage the use of digital payment platforms without additional transaction costs. Business owners, mobile money agents, and financial analysts had long criticized the levy, citing its impact on digital commerce and financial accessibility.
With the repeal now in effect, Ghana’s financial sector is expected to see a surge in electronic transactions, fostering digital commerce and boosting economic growth.
Ghana|Atinkaonline.com