Parliament has officially passed a bill to abolish the controversial Electronic Transfer Levy (E-Levy), a tax on digital transactions that sparked widespread public opposition.
The bill, passed on Wednesday, March 26, now awaits President John Dramani Mahama’s assent to become law.
The E-Levy, introduced in 2022 by the previous NPP administration, initially imposed a 1.5% tax before being revised to 1% on mobile money transfers, bank transactions, and other digital payments.
While proponents argued it would boost government revenue for infrastructure projects, critics slammed it as burdensome, especially for low-income earners and the unbanked population.
The levy’s introduction triggered protests, with many businesses and individuals calling for its removal due to concerns over its impact on financial inclusion and economic activity.
Abolishing the tax was a key campaign promise of President Mahama and the NDC, who pledged to scrap it once in power.
With Parliament’s unanimous approval, without a single dissenting voice, the bill now moves to the presidency for final ratification.
If signed into law, the repeal will mark a major shift in the government’s approach to digital taxation, aligning with Mahama’s commitment to easing the financial burden on Ghanaians.
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