President John Dramani Mahama has officially signed into law legislative bills abolishing several controversial taxes, including the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax. The decision, announced today, April 2, 2025, marks a significant move aimed at easing the financial burden on Ghanaians.
The E-Levy, introduced by the previous administration, faced intense public backlash for taxing mobile money transactions and electronic payments. Its removal is expected to encourage digital transactions and boost financial inclusion.
The Betting Tax, which imposed heavy levies on betting and gaming companies, had been criticized for stifling the industry and pushing operators underground. With its abolition, stakeholders anticipate renewed growth in the sector.
The Emissions Tax, which was intended to reduce carbon emissions by taxing vehicle owners, was also scrapped following concerns that it unfairly targeted ordinary citizens while having minimal environmental impact.
President Mahama’s administration argues that these tax cuts will stimulate economic activity, increase disposable income, and promote business growth. However, critics question how the government plans to offset the revenue loss.
This bold policy shift signals a new economic direction under Mahama’s leadership, with citizens and businesses eagerly watching for its long-term effects.
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UST IN | President John Dramani Mahama has today, 2nd April, 2025 officially signed into law legislative bills abolishing several taxes, including the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax. #KingBygone pic.twitter.com/b7KNf6MQI2
— King Bygone (@KingBygone) April 2, 2025
