President John Dramani Mahama has defended the scrapping of the Electronic Transaction Levy (E-levy), saying it is a strategic move to boost digital financial services in Ghana.
The E-levy, which imposed a 1% tax on electronic transactions, was officially abolished on April 2, 2025.
Speaking at the Czech-Ghana Business Cooperation Seminar at the Mövenpick Hotel, President Mahama emphasized that the decision would enhance accessibility to digital financial services for Ghanaians.
“In financial and digital services, Ghana is undergoing a rapid digital transformation,” he stated. “The recent repeal of the e-levy on electronic transactions, among other taxes, promises further growth and inclusion in digital financial services.”
The scrapping of the E-levy is part of the government’s efforts to reform Ghana’s tax regime. President Mahama’s administration has also scrapped other taxes, including the Betting Tax and Emissions Levy, in a bid to create a more business-friendly environment.
The move is expected to spur growth in digital financial services, making them more accessible and affordable for the public. The government hopes that the repeal of the E-levy will foster financial inclusion, boost digital services, and enhance economic activity.
The E-levy’s repeal is a key component of the government’s fiscal reform agenda. The administration’s efforts to create a more equitable and transparent tax system have been welcomed by the business community, which sees the move as a positive step towards promoting economic growth and development.