Ghana Gov’t moves to abolish five “nuisance” taxes | By Dominick Andoh | The Government of Ghana has moved to abolish five main taxes in the 2025 Budget and Economic Policy of Government presented to the country’s 276-member Parliament in Accra on Tuesday, March 11, 2025.
The taxes to be abolished are: the Electronic Transfer Levy (E-Levy) of 1%; 10% withholding tax on winnings from lottery, otherwise known as the “Betting Tax”; 1.5% withholding tax on winning of unprocessed gold by small-scale miners; Emission Levy on industries and vehicles; and VAT on motor vehicle insurance policy.
The abolishing of these taxes is in line with promises made by the John Mahama-led National Democratic Congress (NDC) during the 2024 presidential elections.
The Minister for Finance, who is also the Member of Parliament for Ajumako-Enyan-Essiam, Cassiel Ato Forson, presenting the 2025 budget said: “Mr. Speaker, the removal of these taxes will ease the burden on households and improve their disposable incomes. In addition, it will support business growth and improve tax compliance.”
Ghana Gov’t moves to abolish five “nuisance” taxes | By Dominick Andoh | AviationGhana
