By: Franklin ASARE-DONKOH
President John Dramani Mahama says the decision to scrap the Electronic Transfer Levy Act, 2022 (Act 1075) and its amendment, Act 1089, which imposed a 1% levy on electronic transfers, is a strategic move to promote digital financial inclusion in Ghana.
Defending the repeal of the Electronic Transaction Levy (E-levy)—a key campaign promise during the 2024 elections—President Mahama described it as a policy shift aimed at enhancing accessibility and inclusivity in Ghana’s digital financial services sector.
He made the remarks during an address at the Czech-Ghana Business Cooperation Seminar held at the Mövenpick Hotel on Tuesday, April 8, 2025.
“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,” President Mahama stated.
The E-levy, which imposed a 1% tax on transactions made through electronic or digital platforms, was officially abolished on April 2, 2025.
While the repeal has sparked mixed reactions—with critics highlighting that the levy was a significant source of government revenue—President Mahama maintained that the decision would make digital services more accessible to the public and help build a more inclusive financial ecosystem.
