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Parliament has officially approved the Electronic Transfer Levy (Repeal) Bill 2025, effectively abolishing the E-Levy, which previously imposed taxes on electronic financial transactions in Ghana. The decision marks a major shift in the country’s digital finance landscape, aiming to remove financial barriers and encourage electronic transactions.
The E-Levy, introduced in 2022 at an initial rate of 1.75% before being revised to 1%, applied to mobile money payments, bank transfers, and inward remittances. However, it faced widespread opposition from the public and industry stakeholders, who argued that it discouraged digital transactions and placed an additional financial burden on citizens.
During parliamentary debates on the repeal bill, Deputy Finance Minister Thomas Nyarko Ampem emphasized the economic relief it brings to Ghanaians. “The abolishment of the E-Levy will effectively return GH¢2 billion to the people, helping to ease financial pressures and improve livelihoods,” he stated.
The repeal aligns with the government’s broader agenda to promote financial inclusion and boost digital payment adoption without additional transaction costs. Many business owners, mobile money agents, and financial analysts had previously criticized the levy, citing its negative impact on digital commerce and financial accessibility.
With the passage of the Electronic Transfer Levy (Repeal) Bill 2025, Ghana’s financial sector is expected to experience increased digital transactions, stimulating economic growth and strengthening the country’s digital economy.
