Ghana’s Parliament has officially passed the Electronic Transfer Levy Repeal Bill 2025, scrapping the controversial E-Levy, which taxed electronic transactions such as mobile money payments and bank transfers.

Introduced in 2022 at 1.75% before being reduced to 1%, the levy faced widespread opposition for burdening citizens and discouraging digital transactions.

Deputy Finance Minister Thomas Nyarko Ampem noted that its repeal would return GH¢2 billion to Ghanaians, easing financial pressure.

The decision aligns with efforts to boost financial inclusion and digital payments. Business owners and financial analysts had long criticized the tax, citing its impact on financial accessibility.

With its removal, electronic transactions are expected to rise, fueling digital commerce and economic growth.

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