Finance Minister Dr. Cassiel Ato Forson has celebrated the successful abolishment of the Electronic Transfer Levy (E-Levy) and other taxes, following President John Dramani Mahama's approval of the relevant legislative bills.

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The repealed taxes include the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax.

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

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

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

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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.

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

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

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

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

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

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

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

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

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

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

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