PARLIAMENT REPEALS E- LEVY

Parliament has officially repealed the Electronic Transfer Levy (E-Levy), a tax imposed on electronic transactions such as mobile money transfers. The decision was made on Wednesday, March 26, 2025, and will take effect once the president gives assent.

The E-Levy, introduced in 2022 to broaden the country’s tax base and increase government revenue, faced widespread opposition. Critics argued that the levy disproportionately affected the poor and negatively impacted the economy by discouraging digital transactions.

Fulfilling a campaign promise, the ruling National Democratic Congress (NDC) government moved to abolish the tax upon assuming office. The motion to repeal the levy was led by the Chairman of Parliament’s Finance Committee, Isaac Adongo.

Presenting the committee’s report, Mr. Adongo highlighted that the Electronic Transfer Levy Act, 2022 (Act 1075), imposed a 1% charge on electronic transactions, including mobile money payments, bank transfers, merchant payments, and inward remittances.

After the bill went through the third reading,

The 1st Deputy Speaker Bernard Ahiafor presiding at the time thereby ensured its passage.

Report by PKB