Finance Minister Dr. Cassiel Ato Forson has initiated the processes in parliament to repeal and amend several contentious levies, including the Electronic Transfer Levy (E-Levy) and the betting tax.
This is in line with his government’s promise ahead of the elections to scrap some “nuisance taxes” if elected. True to their words, this promise was captured in the government’s maiden budget presented to parliament on Tuesday, March 11, 2025.
Two days after the budget presentation, the Minister has presented eight critical tax-related bills to Parliament, urging lawmakers to consider them under a certificate of urgency to ensure swift implementation.
These eight bills seek to abolish taxes widely described as “nuisance levies” and provide much-needed relief for businesses and individuals.
The Order Paper of parliament for Thursday cited by The High Street Journal reveals that the proposed legislative changes include:
Electronic Transfer Levy (Repeal) Bill, 2025 – To completely abolish the controversial E-Levy.
Emissions Levy (Repeal) Bill, 2025 – Removing the tax imposed on vehicle emissions.
Income Tax (Amendment) Bill, 2025 – Adjusting personal and corporate income tax provisions.
Growth and Sustainability Levy (Amendment) Bill, 2025 – Modifying existing tax structures to spur economic growth.
Ghana Infrastructure Investment Fund (Amendment) Bill, 2025 – Enhancing infrastructure financing strategies.
Revenue Administration (Amendment) Bill, 2025 – Streamlining tax collection processes.
Special Import Levy (Amendment) Bill, 2025 – Revising taxes on imported goods.
Earmarked Funds Capping and Realignment (Amendment) Bill, 2025 – Restructuring funds allocation for efficiency.
Dr. Ato Forson emphasized the urgent need to remove these levies, which have been widely criticized for stifling economic activity and placing an undue burden on ordinary citizens and businesses.
He reiterated the government’s commitment to promoting a more business-friendly environment while ensuring sustainable revenue mobilization.
The Finance Minister’s move aligns with the administration’s broader vision of resetting the economy, boosting private sector growth, and enhancing disposable income for Ghanaians.
With the introduction of these bills, Parliament now has the opportunity to deliver a major tax relief package that could stimulate economic expansion and improve the livelihoods of millions.
The bills are expected to go through legislative scrutiny in the coming days, with strong anticipation that Parliament will fast-track their passage to reflect the government’s pro-business and pro-citizen agenda.
