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Ghana’s Parliament has officially passed the Electronic Transfer Levy Repeal Bill 2025, marking the end of the controversial E-Levy, which taxed electronic financial transactions.
The E-Levy, introduced in 2022 at 1.75% and later reduced to 1%, applied to mobile money payments, bank transfers, and inward remittances. However, it faced strong opposition from the public and stakeholders, who argued that it discouraged digital transactions and placed an undue financial burden on citizens.
During the parliamentary debate on the repeal bill, Deputy Finance Minister Thomas Nyarko Ampem emphasised that abolishing the E-Levy would return GH¢2 billion to Ghanaians, easing financial pressures and improving livelihoods.
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The government’s decision to scrap the levy aligns with its broader strategy to promote financial inclusion and encourage digital payments without additional costs. Business owners, mobile money agents, and financial analysts have welcomed the move, citing the levy’s negative impact on transaction volumes and financial accessibility.
With the E-Levy now repealed, Ghana’s financial sector is expected to see a surge in electronic transactions, boosting digital commerce and economic growth.
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