President John Mahama has given his assent to eight key bills aimed at overhauling Ghana’s tax and financial management systems.
This significant move took place at the Jubilee House on Wednesday, April 2, 2025.
The signed bills include:
- Electronic Transfer Levy (Repeal) Bill, 2025: Abolishes the contentious E-Levy, which taxed electronic financial transactions.
- Emissions Levy (Repeal) Bill, 2025: Repeals environmental charges imposed on vehicle users.
- Income Tax (Amendment) Bill, 2025: Amends income tax regulations.
- Earmarked Funds Capping and Realignment (Amendment) Bill, 2025: Adjusts earmarked funds capping and realignment.
- Petroleum Revenue Management (Amendment) Bill, 2025: Amends petroleum revenue management regulations.
- Public Financial Management Bill, 2025: Enhances public financial management.
- Value Added Tax (Amendment) Bill, 2025: Amends value-added tax regulations.
- Gold Board Bill, 2025: Regulates gold mining activities.
These reforms aim to reduce the cost of living and promote business growth, as pledged in the National Democratic Congress’s manifesto.
