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Finance Minister Dr. Cassiel Ato Forson is set to present a bill to Parliament today, Wednesday, March 12, under a certificate of urgency to repeal several taxes, including the betting tax and the Electronic Transfer Levy (E-Levy).
Announcing this on JoyNews PM Express on Tuesday, March 11, Dr. Forson revealed that the bill will also seek to abolish the COVID-19 Levy and will be laid before Parliament for immediate consideration.
“Tomorrow morning, I will be going to Parliament to submit the bills, and I expect Parliament to take them through a certificate of urgency,” Dr. Forson disclosed.
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He assured that the repeal process would be straightforward:
“Repealing the taxes will be one clause each. Repealing the betting tax is very easy; the E-Levy and all of those things we are repealing are quite easy.”
Given that these proposed changes involve revenue measures, Dr. Forson explained that they qualify to be treated with urgency under Ghana’s Constitution.
“It’s a revenue bill, and under the Constitution, you have any way to lay finance bills under a certificate of urgency.”
Dr. Forson expressed confidence in Parliament’s swift action:
“I assure you that I will do my bid tomorrow and submit it to Parliament, and looking at the urgency involved, I’m hopeful that Parliament will take it through the various stages and approve it for us.”
He also confirmed that the bills have full backing from the majority caucus:
“As for the backing of the NDC Majority caucus, we have it 100%,” he added.
Once Parliament passes the bills, Dr. Forson assured that President John Dramani Mahama will sign them into law without delay.
The repeal of these taxes is part of the government’s broader strategy to eliminate five nuisance taxes outlined in the 2025 Budget. This initiative aims to reduce the financial burden on Ghanaians and stimulate economic growth.
As the nation awaits the outcome of the parliamentary debate, the focus remains on the practical impact of these tax removals and how they will shape Ghana’s economic landscape moving forward.
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