A number of revolutionary tax amendment legislation that sought to improve revenue efficiency, reduce financial burdens, and reallocate important government money to support national development were approved by parliament.
The government’s pledge to implement a more equitable and progressive tax system has been fulfilled with the passage of this legislation, which represents a huge success for economic reform.
Under the leadership of Finance Minister Dr. Cassiel Ato Forson, the measures are anticipated to boost economic expansion, assist companies, and give people much-needed respite.
Comprehensive Tax Reforms: A Revolution for Companies and People
The elimination of the Electronic Transfer Levy (E-Levy), a mobile money transaction fee that had provoked popular outrage since its inception, is one of the biggest improvements. Millions of Ghanaians depend on mobile money services for everyday transactions; its abolition is anticipated to increase digital transactions, promote financial inclusion, and alleviate their plight.
Significant tax relief measures are also introduced by the Income Tax (Amendment) Bill, 2025, such as the elimination of the 1.5% withholding tax on unprocessed gold from small-scale miners and the 10% withholding tax on gaming and bet profits.
These adjustments are intended to help the regional gaming and gold sectors, encourage equitable taxes, and boost compliance.
The complete list of approved bills consists of:
Key Tax Amendments Passed by Parliament
- Electronic Transfer Levy (Repeal) Bill, 2025 – Eliminates the E-Levy, providing relief to mobile money users and businesses.
- Income Tax (Amendment) Bill, 2025 – Abolishes the 10% withholding tax on bet winnings and gaming, as well as the 1.5% withholding tax on unprocessed gold from small-scale miners.
- Emissions Levy (Repeal) Bill, 2025 – Scraps the carbon emissions levy, reducing operational costs for businesses.
- Earmarked Funds Capping and Realignment (Amendment) Bill, 2025 – Uncaps key statutory funds to boost education, healthcare, and road infrastructure.
- Revenue Administration (Amendment) Bill, 2025 – Strengthens tax collection and compliance mechanisms.
- Growth and Sustainability Levy (Amendment) Bill, 2025 – Adjusts levy rates to ensure a fairer tax burden across industries.
- Ghana Infrastructure Investment Fund (Amendment) Bill, 2025 – Restructures revenue sources to strengthen funding for infrastructure projects.
- Special Import Levy (Amendment) Bill, 2025
Uncapping Essential Funds to Strengthen Development
The uncapping of a number of important statutory funds, which made it possible to fully allocate cash to important industries like road repair, healthcare, and education, was a turning point in the fiscal reforms.
* Ghana Education Trust Fund (GETFund) – Ensures dedicated financing for free secondary education and free tertiary education for Persons with Disabilities.
* National Health Insurance Levy – Unlocks additional resources for healthcare services, including the purchase of essential medicines, vaccines, Free Primary Healthcare, and bridging USAID financing shortfalls.
* Road Fund – Guarantees full disbursement of funds for road maintenance, ensuring the improvement of Ghana’s road infrastructure.
* Mineral Income Investment Fund, Ghana Infrastructure Investment Fund, and Ghana National Petroleum Corporation (GNPC) Revenue Sources – Have all been restructured to enhance long-term financial sustainability.
Now that Parliament has approved these historic measures, President John Dramani Mahama will sign them into law, bringing in a new era of budgetary responsibility, economic transformation, and tax equity.
Ghanaians can now look forward to a tax structure that promotes economic growth, reduces financial strains, and advances the country.
The adoption of these reforms represents a significant step toward a more powerful and prosperous Ghana, not merely a change in policy.
Source: newsthemegh.com