President John Dramani Mahama took a significant step toward economic relief for Ghanaians by assenting to bills that repeal the E-Levy, Betting Tax, and Emissions Tax.
The decision, announced at the Presidency, aligns with Mahama’s campaign promises to alleviate financial burdens on citizens and businesses amid Ghana’s ongoing economic challenges.
VIDEO: President John Mahama Finally Repeals Controversial E-Levy, Betting Tax, and Emissions Tax
The moment President Mahama assented to the repeal of the E-Levy, Betting Tax, and Emissions Tax#GhanaTrends #ResettingGhana pic.twitter.com/no6As9bT6Q
— GhanaTrends.com (@GhanaTrendsInc) April 2, 2025
The E-Levy, introduced by the previous administration, had been a contentious issue, missing revenue targets by over 50% in 2023, according to YEN.COM.GH, while the Betting and Emissions Taxes were criticized for stifling growth in key sectors. The event was witnessed by key figures, including Finance Minister Dr. Cassiel Baah Forson and Presidential Spokesman Felix Kwakye Ofosu, underscoring its importance to the administration’s agenda.
The repeal of these taxes is expected to have far-reaching impacts on Ghana’s economy, as outlined by the Ghana News Agency. The removal of the E-Levy is anticipated to increase disposable income for households and provide financial relief to businesses, fostering consumer spending and economic activity across various sectors. Additionally, the scrapping of the Emissions Tax and withholding taxes on unprocessed gold aims to curb smuggling and ensure Ghana maximizes benefits from its natural resources. Mahama’s administration, which began its third term on January 10, 2025, as reported by AP News, is focusing on transparency and economic reform, particularly in the gold, oil, and cocoa industries, to reset the nation’s financial trajectory.
Public reaction on social media platforms like X has been largely positive, with users praising Mahama’s decisive action. As Mahama continues to navigate Ghana’s economic recovery, this bold policy shift signals a commitment to financial inclusion and growth, setting the stage for broader reforms in the coming months.
