The Ghana Revenue Authority (GRA) has officially announced that the 1% Electronic Transfer Levy (E-Levy) has been abolished, effective April 2, 2025. This follows President John Mahama’s assent to the Electronic Transfer Levy Act, 2022 (Act 1075) and its amendment, Act 1089.
In a statement issued by its Domestic Tax Revenue Division, the GRA instructed all financial institutions and charging entities to cease applying the levy and update their platforms accordingly.
“We wish to inform you that the President of the Republic of Ghana has assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, which abolishes the 1% E-Levy. This is expected to take effect from today, 2nd April 2025,” the statement read.
To ensure a smooth transition, the GRA emphasized that “The Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a ‘no charge’ on all transactions posted to it by entities from midnight.”
Additionally, all charging entities have been directed to process refunds for any E-Levy deductions made after April 2. “Charging entities must immediately process refunds for any E-Levy amounts deducted from customers effective today, 2nd April 2025. Entities are to establish an expedited refund process to handle such cases promptly and maintain proper documentation of all refunds processed,” the GRA stated.
The Authority further mandated that “Reports of such refunds must be submitted to GRA,” stressing the importance of compliance from all charging institutions. It also reminded entities to settle all outstanding E-Levy charges on transactions processed before April 2, ensuring full adherence to the new directive.
The scrapping of the E-Levy fulfills a major campaign promise of the ruling administration, aiming to reduce the financial burden on citizens. With mobile money transactions now free of the tax, Ghanaians can expect a more seamless and cost-free digital financial experience.
