Finance Minister Dr. Cassiel Ato Forson has succinctly celebrated the abolition of the Electronic Transfer Levy (E-Levy) and other taxes, tweeting "It is finished" after President John Dramani Mahama signed the repeal bill into law.

This move marks a significant milestone in the government's efforts to ease the financial burden on Ghanaians and foster economic growth.

The repealed taxes include the betting tax, emissions tax, and other levies. The E-Levy, introduced in 2022, had imposed a 1.5% tax on electronic transactions, sparking widespread criticism from the public and business community. Many argued that it stifled digital transactions and placed an unnecessary burden on citizens.

The removal of these taxes was a core pledge in the National Democratic Congress (NDC)’s manifesto, aimed at reducing the cost of living and encouraging business expansion. With the repeal bill now signed into law, many Ghanaians are celebrating the move as a step towards financial relief.

Supporters of the repeal argue that eliminating these levies will promote digital transactions, stimulate economic activity, and improve disposable income for households and businesses. The Finance Minister's tweet suggests that the government is committed to fulfilling its campaign promises and easing the financial burden on citizens.