Parliament has approved a bill to abolish the Electronic Transfer Levy (E-Levy), a tax on mobile money and electronic transactions. The bill now awaits President John Mahama’s assent to take effect.
The levy, introduced in 2022, has been a subject of controversy, with critics arguing that it burdened businesses and individuals relying on digital transactions. The proposed repeal aligns with the government’s commitment to easing financial pressures on Ghanaians.
If signed into law, the removal of the E-Levy is expected to boost digital transactions and financial inclusion.
