President Mahama Fulfills Campaign Promise, Abolishes E-Levy and Other Taxes

In a significant move, President John Mahama has assented to eight bills aimed at reforming Ghana’s tax and financial management systems. The signings took place on Wednesday, April 2, 2025, at the Jubilee House.

Among the bills signed into law is the Electronic Transfer Levy (Repeal) Bill, 2025, which officially abolishes the controversial E-Levy. This move fulfills President Mahama’s 2024 campaign promise to scrap the tax, which had imposed a 1% levy on electronic transactions ¹.

Other repealed taxes include the Emissions Levy (Repeal) Bill, 2025, which previously imposed environmental charges on vehicle users, and the Betting Tax, which had imposed a 10% levy on gambling winnings.

The signed bills also include:

– *Income Tax (Amendment) Bill, 2025*: Aims to reform Ghana’s income tax system.
– *Earmarked Funds Capping and Realignment (Amendment) Bill, 2025*: Seeks to realign and cap earmarked funds.
– *Petroleum Revenue Management (Amendment) Bill, 2025*: Aims to improve the management of petroleum revenue.
– *Public Financial Management Bill, 2025*: Seeks to enhance public financial management.
– *Value Added Tax (Amendment) Bill, 2025*: Aims to reform Ghana’s value-added tax system.
– *Gold Board Bill, 2025*: Establishes the Ghana Gold Board to oversee the country’s gold industry.

These reforms are expected to ease financial burdens on citizens and businesses, promoting economic growth and development.