In a significant policy shift, the Government of Ghana, under the leadership of President John Dramani Mahama, has abolished the Electronic Transaction Levy (E-Levy) and the Betting Tax. This announcement was made during the 2025 Budget Statement presented by Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025.
The E-Levy, introduced by the previous administration, imposed a tax on electronic transactions, including mobile money transfers and online payments. Similarly, the Betting Tax targeted the burgeoning sports betting industry. Both taxes faced widespread public opposition, with critics arguing they disproportionately affected low-income individuals and stifled digital financial inclusion.
During the 2024 election campaign, the National Democratic Congress (NDC) pledged to abolish these "nuisance taxes" if elected. Honoring this promise, the current administration has now removed both levies, aiming to alleviate the financial burden on citizens and encourage the growth of the digital economy.
Finance Minister Dr. Forson emphasized that the decision aligns with the government's broader strategy to stimulate economic growth and enhance the standard of living for Ghanaians. He stated that alternative revenue measures would be implemented to offset the potential shortfall, ensuring fiscal stability while promoting equitable taxation.
The abolition of these taxes has been met with widespread approval from the public and industry stakeholders, who view it as a positive step towards a more inclusive and progressive economic environment.
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