Parliament on Wednesday officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing E-Levy.
The Electronic Transfer Levy also known as E-levy, introduced in 2022, imposed a 1 per cent tax on electronic transactions, including mobile money payments, bank transfers, and inward remittances.
This repeal is expected to ease financial pressures on the citizens and boost digital commerce.
The E-Levy faced significant opposition from the public and stakeholders, who argued that it placed an additional financial burden on citizens and discouraged digital transactions.
Deputy Finance Minister, Mr. Thomas Nyarko Ampem highlighted the financial relief the move brought to Ghanaians, stating that the abolition of the E-Levy will effectively return GH¢2 billion to the people.
“Mr. Spraker, the abolition of the E-Levy will effectively return GH¢2 billion to the people, helping to ease financial pressures and improve livelihoods,” Mr. Ampem said during parliamentary debates on the repeal bill.
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 criticised 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.
