In a major policy shift, President John Dramani Mahama has officially abolished the controversial Electronic Levy (E-Levy), Betting Tax, and Emissions Tax, fulfilling one of his key campaign promises. The announcement was made earlier today and has been met with mixed reactions from citizens, businesses, and economic analysts.
The E-Levy, which was introduced by the previous administration, imposed a tax on electronic financial transactions, including mobile money transfers. It was widely criticized by Ghanaians for increasing the cost of digital payments and limiting financial inclusion.
Similarly, the Betting Tax, which targeted online betting and gambling winnings, faced backlash from the youth and betting companies. Many argued that it discouraged an industry that had become a major source of income for young people.
The Emissions Tax, aimed at regulating pollution from industries and vehicles, was introduced as an environmental measure. However, businesses and transport operators complained that it added financial burdens and operational costs.
President Mahama, in a statement, emphasized that the removal of these taxes was in response to public concerns and an effort to ease the economic burden on Ghanaians. He noted that the government would explore alternative revenue-generation strategies that would not stifle economic activities.
Many Ghanaians, especially mobile money users, online gamers, and business owners, have welcomed the news, expressing relief over the financial reprieve. However, some economists warn that the government must find sustainable alternatives to fill the revenue gap left by the removal of these taxes.
