Finance Minister Dr. Cassiel Ato Forson has expressed confidence that President John Dramani Mahama will promptly sign into law the newly passed bill that eliminates the E-Levy, Emission Levy, and Betting Tax.

The bill, which recently secured parliamentary approval, seeks to ease financial burdens on businesses and individuals affected by these tax measures. Its passage marks a significant shift in the country’s taxation policies, with various stakeholders welcoming the move as a relief for the economy.

Following the bill’s approval, Dr. Ato Forson shared his optimism on social media, stating, “Parliament has just passed the Income Tax (Amendment) Bill, 2025, which abolishes the ‘Betting Tax’ and other levies. I have no doubt that H.E. President John Dramani Mahama will be more than willing to sign it into law without delay.”

The Emission Levy, introduced in 2024 to promote environmental sustainability, faced intense criticism from vehicle owners and businesses, who argued that it placed an undue financial strain on them. Likewise, the 10% Betting Tax, aimed at generating revenue from the gambling industry, was widely condemned for discouraging participation and negatively impacting betting operators’ earnings.

With the repeal of these taxes, experts anticipate a shift in the country’s income tax structure and corporate taxation policies, potentially fostering a more business-friendly environment. The removal of the levies is expected to alleviate tax obligations across various sectors and stimulate economic activity.