Ghana’s Parliament has officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing the E-Levy.
This levy, introduced in 2022, imposed a 1.75% tax on electronic transactions, including mobile money payments, bank transfers, and inward remittances.
The tax was later revised to 1%.
The E-Levy faced intense opposition from the public and various stakeholders, who argued that it placed an additional financial burden on Ghanaians and discouraged digital transactions.
Deputy Finance Minister Thomas Nyarko Ampem emphasized the financial relief the repeal brings to Ghanaians.
He said, “The abolishment of the E-Levy will effectively return GH¢2 billion to the people, helping to ease financial pressures and improve livelihoods.”
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 criticized 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.
This move is seen as a major win for Ghanaians, who will no longer have to bear the additional cost of the E-Levy.
