President John Dramani Mahama
President John Dramani Mahama has stated that the removal of the Electronic Transfer Levy, commonly known as E-Levy, and other taxes, is aimed at promoting financial inclusion.
According to him, Ghana is currently undergoing rapid digital transformation, and the failure to adapt will hinder the country’s progress toward achieving a cashless economy.
Speaking at the Czech-Ghana Business Cooperation Seminar held in Accra on Wednesday, April 8, 2025, Mahama said; “In financial and digital services, Ghana is undergoing a rapid digital transformation. The recent repeal of the E-Levy on electronic transactions, among other taxes, promises further growth and inclusion in digital financial services.”
The Electronic Transfer Levy, introduced in 2022, faced strong public opposition.
Critics argued that the E-Levy, along with other taxes they described as nuisance taxes, added to the financial burden of Ghanaians.
However, the NPP government defended the levy as a necessary measure to generate revenue for national development.
SA/AE
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