President John Mahama is expected to assent to the Electronic Transfer Levy (E-Levy) repeal bill by Wednesday, April 3, 2025, according to Deputy Finance Minister Thomas Nyarko Ampem.
This development comes after Parliament passed the bill, which now awaits the President’s signature.
“Parliament is still in session, and so I doubt the Clerk has been able to transmit what we are doing to the President,” Mr. Ampem explained.
He noted that other bills are being considered, which may delay transmission.
Once President Mahama assents to the bill, the Finance Ministry will direct the Ghana Revenue Authority (GRA) to discontinue E-Levy collection.
“I understand the President may be out of town tomorrow, and so all things being equal, by Wednesday, he will assent to the bill,” Mr. Ampem said. “Once that happens, the Finance Ministry will get the GRA to discontinue collecting the E-Levy, and it’s going to happen as soon as possible,” he said.
The GRA is prepared for the transition, and implementation will occur swiftly after the President’s approval. “My discussions with the Commissioner General indicate that as soon as the President assents, they will take steps to comply,” Mr. Ampem added.
The E-Levy repeal has been widely welcomed by Ghanaians, who strongly opposed the tax imposed by the previous New Patriotic Party administration in 2022.
The levy taxed electronic transactions, including mobile money transfers, bank transfers, and online payments, at a rate of 1.5%.
Mr. Ampem expressed confidence that the E-Levy repeal will take effect before Friday, April 4.
“I’m sure it will take effect before next week Friday,” he said.
