In a significant move to fulfill his campaign promises, President John Dramani Mahama has assented to eight critical bills aimed at reshaping Ghana’s financial and economic landscape. The signing ceremony took place at the Jubilee House on Wednesday, April 2, 2025, marking a major step towards resetting and rebuilding the nation’s economy.
Among the bills signed into law is the Electronic Transfer Levy (Repeal) Bill, 2025, effectively abolishing the controversial e-levy, which had faced widespread opposition from the public. President Mahama, during his campaign, vowed to scrap the levy, citing its burden on ordinary citizens and its adverse effects on digital transactions.
Additionally, the Income Tax (Amendment) Bill, 2025 introduces key modifications to the taxation framework, particularly targeting the repeal of the betting tax, another contentious issue among Ghanaians. The amendment is expected to bring relief to businesses and individuals engaged in online betting and gaming.
Other bills signed into law include the Emissions Levy (Repeal) Bill, 2025, which eliminates certain environmental levies, and the Earmarked Funds Capping and Realignment (Amendment) Bill, 2025, aimed at streamlining the allocation of government funds to various projects.
The Petroleum Revenue Management (Amendment) Bill, 2025 seeks to enhance transparency and efficiency in the management of Ghana’s petroleum revenue, ensuring that funds are directed toward sustainable development projects. Meanwhile, the Public Financial Management Bill, 2025 strengthens fiscal discipline and accountability in government spending.
To further boost revenue generation and improve tax policies, the President also signed the Value Added Tax (Amendment) Bill, 2025, which introduces adjustments to Ghana’s VAT regime. Lastly, the Gold Board Bill, 2025 establishes a regulatory framework for the management of Ghana’s gold resources, promoting responsible mining and optimizing revenue from the sector.
President Mahama reiterated his commitment to resetting Ghana’s economy and implementing policies that will alleviate financial hardships on citizens.
“These legislative changes are necessary to build a stronger and more resilient economy. We are taking decisive steps to ensure that tax policies are fair, transparent, and beneficial to all Ghanaians,” he stated.
The passage of these bills is expected to set the stage for broader economic reforms aimed at stimulating growth, attracting investment, and ensuring financial stability in the country.
SOURCES : DBlog | The Patrick | www.digirefera.com
PHOTO & IMAGE CREDIT : The Patrick / MC MULTIMEDIA
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