2025 Budget: E-levy, betting tax and other taxes to be abolished – Finance minister

Dr. Cassiel Ato Forson, the Finance Minister, has revealed plans to eliminate several taxes, including the Electronic Transaction Levy (E-levy) and the 10% tax on lottery winnings, commonly referred to as the betting tax. This announcement was made during the presentation of the government’s inaugural budget statement to Parliament on Tuesday, March 11.

The Minister also disclosed the government’s intention to abolish other levies, such as the Emissions Tax, and hinted at a future review of the Value Added Tax system, which could lead to the eventual removal of the COVID-19 levy. However, he did not specify a timeline for these changes.

“We have programmed the following taxes for removal in line with our manifesto promises. Mr. Speaker, we will abolish the 10% tax on winnings from lottery,” he stated.