BREAKING: President Mahama Finally Scraps E-Levy Through Parliament

In a landmark decision today, President John Dramani Mahama, in collaboration with Parliament, officially abolished the Electronic Transfer Levy (E-Levy). The controversial tax, introduced in 2022, imposed a 1% to 1.5% charge on digital transactions, sparking widespread criticism from businesses, fintech operators, and the general public.

Why Was the E-Levy Removed?

Public Outcry: Many Ghanaians argued the tax discouraged digital payments and hurt small businesses.
Economic Relief: The move aligns with Mahama’s promise to ease financial burdens amid economic challenges.
Boost for Mobile Money: Experts predict a surge in digital transactions as costs drop.

Join Pi Network and claim your Pi at https://minepi.com/AtmBlogger using code AtmBlogger.

What This Means for Ghana

No More E-Levy Charges: Mobile money, bank transfers, and other digital payments will no longer deduct the 1.5% tax.
Potential Economic Growth: Increased digital transactions could stimulate commerce and financial inclusion.
Political Impact: The repeal fulfills a key campaign promise by Mahama’s administration.

Reactions

Proponents: Celebrate the move as “pro-poor” and growth-oriented.
Critics: Warn of lost government revenue, urging alternative funding strategies.