E-Levy, Betting Tax and Emission Tax Abolished

 In a move that fulfills his campaign promise, President John Dramani Mahama official signed into law a series of bills abolishing several controversial taxes , including the Electronic Transfer Levy ( E-Levy ), Betting Tax and Emission Tax.This decision aligns with the National Democratic Congress (NDC) pledge to prioritize the economic relief for citizens.

President John Dramani Mahama promised to abolish these taxes within his first 120 days in office . This move demonstrates his administration’s commitment to economic reform and relief for citizens.

The E-Levy, introduced in 2022, imposed a 1% charge on electronic transactions, sparkling public resistance due to perceived financial strain.

The Betting Tax, which levied 10% charge on gambling winnings drew backlash from gaming industry.

The Emission Tax, aimed at reducing carbon emissions, was also met with criticism from various stakeholders.

The abolishing of these taxes is expected to ease the financial burden on Ghanaians , improving disposable income and drive economic growth. Finance Minister Dr. Cassiel Ato Forson emphasized that the removal of these taxes would have positive impact on the economy and the citizens’ livelihood.



 



As Ghana move forward with these taxes repeals, it’s essential to monitor the economy and citizens’ lives.

Let’s hope the government next step will be crucial in ensuring that the benefits of these repeals are felt by all Ghanaians.






 


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