The Ghana Revenue Authority (GRA) has directed all financial institutions and electronic money issuers to immediately reconfigure their systems following the official abolition of the Electronic Transfer Levy (E-Levy).
The move comes after President John Mahama on April 2, 2025, gave assent to new legislation scrapping the E-Levy, Betting Tax, Emissions Tax, and other fiscal measures, marking a significant shift in the country’s tax policy.
In a statement issued on Thursday, April 2, the GRA confirmed that the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) had been repealed, effectively ending the 1% charge on electronic transactions.
“The GRA Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a ‘no charge’ on all transactions posted to it by entities from midnight,” the statement signed by Edward Apenteng Gyamerah, Commissioner of the Domestic Tax Revenue Division, stated.
The regulatory body warned that compliance checks would be conducted regularly to ensure that no institution tries to hold onto unlawfully deducted funds.
“Charging Entities must immediately process refunds for any E-Levy amounts deducted from customers effective today, April 2, 2025.
