President John Dramani Mahama has abolished the Electronic Transaction Levy (E-levy), a 1% tax on electronic transactions, effective April 2, 2025.
This move aims to boost digital financial inclusion and alleviate the high cost of doing business in Ghana.
Key Benefits of E-Levy Abolition
Increased Accessibility:
The abolition of the E-levy will make digital services more accessible to Ghanaians, promoting financial inclusion and economic growth.
- Economic Relief: The move is expected to ease the burden on individuals and businesses, allowing them to allocate more resources to other areas of their lives.
- Digital Transformation: Ghana is undergoing rapid digital transformation in financial and digital services, and the repeal of the E-levy will further fuel this growth.
Alignment with NDC Manifesto
The decision to scrap the E-levy aligns with the National Democratic Congress (NDC) 2024 Manifesto, which promises to eliminate “draconian” taxes, including, E-Levy, Betting tax, Emission tax and other levies
Broader Economic Vision
President Mahama’s vision for Ghana’s economic development includes
Job Creation
Investing in job creation initiatives to stimulate economic growth.
Infrastructure Development
Improving infrastructure to support businesses and economic development.
Healthcare
Enhancing healthcare services, including promoting health tourism in Ghana.
