Mahama to assent to removal of E-levy, Emission levy, and Betting tax – Finance Minister

The Minister for Finance, Dr. Cassiel Ato Forson, is confident. He believes President John Dramani Mahama will quickly sign the new bill. This bill abolishes the E-Levy, Emission Levy, and Betting Tax.

Parliament recently approved this important legislation. It aims to provide relief to businesses and individuals affected by these taxes.

The Emission Levy was introduced in 2024 to promote sustainability. However, it faced strong opposition from vehicle owners and businesses. They argued it created an excessive financial burden.

The 10% Betting Tax aimed to generate revenue from gambling. Many criticized it for discouraging participation and reducing operator revenue.

Repealing these levies will ease tax obligations across various sectors. It may also reshape income tax structures and corporate taxation.

After the bill passed, Dr. Ato Forson shared his optimism on social media. He stated, “Parliament has just passed the Income Tax (Amendment) Bill, 2025.” He added that he believes President Mahama will sign it into law without delay.