Deputy Finance Minister Thomas Nyarko Ampem has revealed that President John Mahama is expected to sign the Electronic Transfer Levy (E-Levy) repeal bill by Wednesday, April 2, 2025.
Speaking on JoyNews’ PM Express on Wednesday, March 26, Mr. Ampem confirmed that while Parliament has passed the bill, it has not yet been sent to the President for his final approval.
“Parliament is still in session, and so I doubt the Clerk has been able to transmit what we are doing to the President. There are a number of other bills that we are considering, so if they will be able to do that, it will have to be tomorrow or the day after,” he explained.
He assured Ghanaians that once President Mahama signs the bill into law, the Finance Ministry will immediately instruct the Ghana Revenue Authority (GRA) to halt the collection of the E-Levy.
“I understand the President may be out of town tomorrow, and so all things being equal, by Wednesday, he will assent to the bill. Once that happens, the Finance Ministry will get the GRA to discontinue collecting the E-Levy, and it’s going to happen as soon as possible,” Mr. Ampem stated.
He further emphasized that the GRA is already prepared for the transition, ensuring a swift end to the levy’s collection once the President’s approval is granted.
“My discussions with the Commissioner General indicate that as soon as the President assents, they will take steps to comply,” he assured.
The repeal of the E-Levy has been widely welcomed by Ghanaians, many of whom had opposed the tax since its introduction in 2022 by the previous New Patriotic Party (NPP) administration. The E-Levy imposed a 1.5% charge on electronic transactions, including mobile money transfers, bank transfers, and online payments.
Mr. Ampem expressed confidence that the E-Levy’s repeal will take effect even before Friday, April 4, 2025, marking a significant step in the government’s efforts to provide financial relief to citizens.
