The removal of the Electronic Transfer Levy, popularly known as E-Levy, will take effect by the end of March when the 2025 budget is expected to be approved by Parliament, the Deputy Minister of Finance, Thomas Ampem Nyarko, has said.

Speaking at the OXFAM Tax Dialogue on Channel One TV on Tuesday, March 18, 2025, he stated, “It will take effect the moment the budget and the appropriation are approved, and that will be by the 31st of this month."

"So, all things being equal, from April, you will see that all things will be done,” he added.

Introduced in 2022, the E-Levy faced strong public opposition, with critics arguing that it increased the financial burden on Ghanaians.

However, the Akufo-Addo-led government defended it as a necessary tax measure to generate revenue for national development.

Prior to the 2025 budget presentation, the Minister of Finance, Dr. Cassiel Forson, argued that the E-Levy discourages digital transactions and hinders the country’s progress toward a cashless economy.

SA/EK

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