E-Levy Removal to Take Effect by March 31 - Deputy Finance Minister
Accra, Ghana - 18 March, 2025 - Ghana's Deputy Finance Minister, Thomas Ampem Nyarko, has announced that the Electronic Levy (E-Levy) will be scrapped by the end of March 2025, pending approval of the 2025 budget.
He announced on Channel One TV's OXFAM Tax Dialogue today, March 18, that the removal of the Electronic Levy (E-Levy) is contingent upon Parliament's approval of the budget. Once the budget process is complete, the E-Levy removal will take effect.
“It will take effect the moment the budget and the appropriation is approved, and that will be by the 31st of this month.
“So all things being equal, from April you will see that all things will be done,” he stated.
According to Mr Ampem Nyarko, Ghana's stable democratic environment has attracted foreign investors, however there are other factors are hindering investment growth.
To address this, he advocated for a thorough review of Ghana's investment climate, identifying areas for improvement and resolving existing barriers.
“We as a country have not fully leveraged on good democratic credentials. A lot of foreign investors prefer Ghana because of our stable political environment but someway somehow other factors are driving investors away,” he added.
Source: Lead News Online
