Parliament officially pass the Electronic Transfer Levy Repeal Bill 2025

On Wednesday, March 26, the controversial levy, E-Levy, which previously taxed electronic financial transactions in Ghana, have been officially abolished effectively by parliament under the Electronic Transfer Levy Repeal Bill 2025. This decision has been widely welcomed by many Ghanaians.

Read more: Finance Minister presents 8 bills to parliament to abolish E-levy, betting tax and others

The levy was introduced in 2022, initially designed to impose a 1.75% tax on electronic transactions, including mobile money payments, bank transfers, and inward remittances, before being revised to 1%.

Since its introduction, the levy faced strong opposition from the public and various stakeholders who argued that it placed an additional financial burden on citizens, disproportionately affected low-income earners, and discouraged digital transactions.

Deputy Finance Minister Thomas Nyarko Ampem underscored the financial relief the decision brings to Ghanaians during parliamentary debates on the repeal bill.

Read more: E-Levy collapsed thousands of MoMo businesses

Ghana’s financial sector is expected to witness increased electronic transactions, boosting digital commerce and economic growth with the passage of the Electronic Transfer Levy (Repeal) Bill 2025.