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President John Dramani Mahama assented legislative bills to abolish some taxes including E-levy and others.

President John Dramani Mahama assented legislative bills to abolish some taxes including E-levy and others. 

President John Dramani Mahama has assented to a number of legislative bills aimed at abolishing several taxes, including the Electronic Transfer Levy (E-Levy), Betting Tax, and Emissions Tax.

Whiles in opposition, the NDC led by then flagbearer promised to abolished some taxes to give relief to Ghanaians.

At a short ceremony at the seat of governmen today Wednesday 2nd April,  2025, the president delivered on yet again a promised he made.

Electronic Transfer Levy (Repeal) Bill (E-Levy), 2025


The object of the Electronic Transfer Levy (Repeal) Bill, 2025 is to repeal the Electronic Transfer Levy Act, 2022 (Act 1075) (E-Levy) and Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089).


Government, as part of its tax reform agenda, is implementing measures aimed at improving disposable incomes of households and reducing the overall tax burden of tax payers.


The removal of the E-Levy will not only result in increased disposable income for Ghanaian households and individuals, it will also provide financial relief to companies that patronise the E-Levy. This policy aligns with the Government's broader commitment to fostering economic growth and enhancing financial inclusion.


The repeal of the E-Levy will encourage the government's objective of achieving a cash-lite economy.


The repeal of the levy is also expected to stimulate digital transactions, encourage financial innovation, and ease the cost of doing business. Additionally, this measure is anticipated to boost consumer spending and drive economic activity across various sectorsş






Source: Alrich24newsgh.blogspot.com 

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