Ghana’s Ministry of Finance announced that the Parliament approved several 2025 Budget measures on 26 March 2025.

The passage of these bills marks a major leap for economic reform and a significant step in fulfilling the government’s commitment to a more progressive and balanced tax system. The reforms, spearheaded by Finance Minister Dr. Cassiel Ato Forson, are expected to stimulate economic growth, support businesses, and provide much-needed relief to individuals.

Among the most significant changes is repealing the E-Levy, a tax on mobile money transactions. This reform is expected to boost digital transactions, promote financial inclusion, and relieve millions of Ghanaians who depend on mobile money daily.

Other key tax measures and amendments passed by parliament are:

  • 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.
  • 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.

The Ministry’s announcement has highlighted several additional budget measures, though not in detail. These include:

  • The 1% COVID-19 levy on goods and services will be removed;
  • The abolition of the COVID-19 Levy;
  • An extension of the Special Import Levy’s sunset clause to 2028;
  • The tax refund account ceiling will be reduced from 6% to 4% of total revenue;
  • An increase in the Growth and Sustainability Levy on the gross production of mining companies from 1% to 3%, with its sunset clause extended to 2028;
  • The exemption of VAT on motor vehicle insurance policies;
  • The growth and sustainability levy on mining companies will be increased from 1% to 3%.

With parliament’s approval secured, President John Dramani Mahama will now sign these amendments into law.

Earlier, Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, presented the 2025 Budget Statement and Economic Policy on 11 March 2025.