Amendments to the Growth and Sustainability Levy (Amendment) Act, 2026, has received parliamentary approval.

As a result, levy on mining firms will drop from 3 percent of gross production to 1 percent. This, according to the government is reduce financial burden created by newly introduced royalty rules, as well as boosting the mining sector.

The President Mahama-led administration has repealed certain taxes in recent times, They include the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax.

This decision became official on April 2, 2025, when President Mahama signed the necessary legislative bills into law.

The Finance Minister, Dr. Ato Forson emphasized that the move reflects the government’s dedication to easing financial pressures on Ghanaians.

In a social media post on April 2, he declared, “It is finished,” signifying the successful implementation of Mahama’s tax reforms.

The new laws include the Electronic Transfer Levy (E-Levy) Repeal Bill 2025, which officially eliminates the controversial levy on mobile money and electronic transactions.

The Emissions Levy Repeal Bill, another key measure, removes a tax originally meant to reduce pollution but widely opposed by businesses and individuals.

Changes to the Value Added Tax (VAT) system have also been approved to improve compliance while lessening the burden on businesses and consumers.

The Income Tax Amendment Bill 2025 introduces adjustments to tax rates and exemptions aimed at improving fairness and revenue collection.

Further revisions include the Petroleum Revenue Management Amendment Bill 2025, which seeks to enhance the allocation of petroleum sector funds.

The Public Financial Management Amendment Bill focuses on strengthening accountability and transparency in government spending.

Additionally, the Earmarked Funds Capping and Realignment Bill aims to optimize budget allocations by setting limits and redistributing earmarked funds.

Other legislative changes include a second amendment to the VAT system to refine tax administration.

The Energy Sector Levy Act has also been introduced to restructure levies within the sector to boost financial stability and attract investment.

The Gold Board Bill 2025 provides a regulatory framework for gold mining, trade, and exports to maximize its economic impact.

The Growth and Sustainability Levy Act establishes measures designed to ensure the long-term stability of the economy.