President John Mahama has formally assented to new payments repealing the controversial Electronic Transfer Levy (E-Levy), the ten% betting tax, the emissions levy, and different associated taxes.
The President signed the payments on Wednesday, 2nd April 2025, marking the official finish to the gathering of those taxes. This follows the unanimous passage of the payments by Parliament on Wednesday, twenty sixth March.
This growth fulfils President Mahama’s marketing campaign promise to abolish the E-Levy inside his first 120 days in workplace.
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Different payments signed by the President embody measures to uncap the GETFund, the Nationwide Well being Insurance coverage Invoice, the Public Monetary Amendments Invoice 2025, the Public Procurement Modification Invoice 2025, the Worth Added Tax Amendments Invoice, and the Petroleum Income Administration Modification Invoice.
Background
E-Levy
The Electronic Transfer Levy (E-Levy) was launched in Might 2022 below the Digital Switch Levy Act, 2022 (Act 1075), and its modification, Act 1089.
The coverage imposed a 1% levy on digital transfers, together with transactions facilitated by banks and cellular cash suppliers. It was designed to broaden the tax base and enhance public contributions to nationwide growth.
Betting Tax
The Ghana Income Authority launched a ten% withholding tax on lottery and sports activities betting winnings, which confronted important backlash from younger Ghanaians. They criticised the federal government for imposing pointless monetary pressure.
Emissions Levy
The Emissions Levy Act, 2023 (Act 1112), obtained parliamentary approval and presidential assent on twenty ninth December 2023. Its implementation started on 1st February 2024 below the Ghana Income Authority (GRA), sparking backlash from enterprise teams and drivers’ unions.
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The Act imposed levies based mostly on carbon dioxide equal (CO2e) emissions from key industries, together with building, manufacturing, mining, and power.
