Parliament Repeals E-Levy, Awaits Presidential Approval

Accra, Ghana - 26 March, 2026 - Ghana's parliament has passed the Electronic Transfer Levy Repeal Bill 2025 to scrap the contentious Electronic Transfer Levy (E-Levy), paving way for increased digital transactions and economic growth.

The Electronic Transfer Levy, commonly known as the E-Levy, imposed 1% tax on electronic transactions such as mobile money payments, bank transfers, and inward remittances.

Initially introduced in 2022 at a rate of 1.75%, the levy faced intense opposition from the public and stakeholders.

The repeal, approved by parliament, is expected to return an estimated GH¢2 billion to the people, easing financial pressures and improving livelihoods, according to Deputy Finance Minister Thomas Nyarko Ampem.

The bill now awaits President John Dramani Mahama's signature to become law.

Source: Lead News Online