{"id":20061,"date":"2025-03-26T18:09:08","date_gmt":"2025-03-26T18:09:08","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=20061"},"modified":"2025-03-26T18:09:08","modified_gmt":"2025-03-26T18:09:08","slug":"read-why-ghana-parliament-repeals-e-levy","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=20061","title":{"rendered":"Read why Ghana Parliament Repeals E-Levy"},"content":{"rendered":"

Parliament has officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing the controversial E-Levy, which previously taxed electronic financial transactions in Ghana.<\/strong><\/p>\n

The E-Levy, which was initially introduced at 1.75% before being revised to 1%, imposed taxes on electronic transactions, including mobile money payments, bank transfers, and inward remittances.<\/p>\n

The levy, introduced in 2022, faced significant opposition from the public and various stakeholders who argued that it placed an additional financial burden on citizens and discouraged digital transactions.<\/p>\n

During parliamentary debates on the repeal bill, Deputy Finance Minister Thomas Nyarko Ampem highlighted the financial relief the move brings to Ghanaians. He stated that the abolishment of the E-Levy will effectively return GH\u00a22 billion to the people, helping to ease financial pressures and improve livelihoods.<\/p>\n

\"\"<\/p>\n

The repeal of the E-Levy aligns with the government\u2019s efforts to promote financial inclusion and encourage the use of digital payment platforms without imposing additional costs on users.<\/p>\n

Many business owners, mobile money agents, and financial analysts had previously criticized the levy, citing its impact on digital transactions and financial accessibility.<\/p>\n

With the passage of the Electronic Transfer Levy (Repeal) Bill 2025, Ghana\u2019s financial sector is expected to witness increased electronic transactions, boosting digital commerce and economic growth.<\/p>\n

\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Parliament has officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing the controversial E-Levy, which previously taxed electronic financial transactions in Ghana. 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