On March 26, Parliament approved a bill to do away with the contentious Electronic Transfer Levy (E-Levy).
A large number of Ghanaians have embraced the decision to remove the tax.
Now, President John Mahama will receive the bill to sign it.
The former NPP administration implemented the E-Levy in 2022. Its purpose was to tax electronic transactions, including bank transfers, online payments, and mobile money transfers, at a rate of 1.5%.
The public, businesses, and political figures opposed the levy in large numbers, citing concerns about its effects on digital transactions and the economy, while others claiming that it would assist raise money for infrastructure development.
There have been demonstrations and public uproar when it was first implemented, with opponents claiming that low-income earners and those without bank accounts were disproportionately impacted.
A major step toward eliminating the levy has been taken with the passage of the bill through Parliament, but President Mahama now controls its future.
A major campaign promise made by President Mahama and the NDC in order to win the general elections in December 2024 was to abolish the tax.
Upon the question’s introduction in Parliament on Friday, not a single voice opposed the decision to ban the tax.