Parliament has officially passed the Electronic Transfer Levy (Repeal) Bill 2025, marking the end of the controversial E-Levy, which previously taxed electronic financial transactions in Ghana.
The E-Levy was initially introduced in 2022 at a rate of 1.75% before being revised to 1%. It applied to mobile money payments, bank transfers, and inward remittances, sparking widespread criticism from the public and various stakeholders.
Many argued that the levy added an extra financial burden on citizens and discouraged digital transactions.
During discussions on the repeal bill, Deputy Finance Minister Thomas Nyarko Ampem emphasized the financial relief that abolishing the levy would bring.
He stated that the removal of the E-Levy would return GH¢2 billion to Ghanaians, alleviating financial pressures and improving livelihoods.
The repeal aligns with the government’s broader agenda to enhance financial inclusion and promote the use of digital payment platforms without additional costs.
Business owners, mobile money agents, and financial analysts had long criticized the levy for negatively impacting digital transactions and financial accessibility.
With the abolition of the E-Levy, Ghana’s financial sector is expected to see a surge in electronic transactions, fostering digital commerce and contributing to economic growth.
