The Minister for Finance, Dr Cassiel Ato Forson, has expressed confidence that President John Dramani Mahama will swiftly assent to the recently passed bill abolishing the E-Levy, Emission Levy, and Betting Tax.
The landmark legislation, approved by Parliament, is expected to provide significant relief to businesses, individuals, and industry players who have been affected by these tax policies.
The Emission Levy, introduced in 2024 to promote environmental sustainability, faced strong opposition from vehicle owners and businesses who argued that it imposed an excessive financial burden.
Ladies and Gentlemen, Investors,
Parliament has just passed the Income Tax (Amendment) Bill, 2025, which abolishes the ‘Betting Tax’ and other levies.
I have no doubt that H.E. President John Dramani Mahama will be more than willing to sign it into law without delay.
Promise… pic.twitter.com/paeJVvOOq4
— Cassiel Ato Forson(PhD) (@Cassielforson) March 26, 2025
Similarly, the 10% Betting Tax, which sought to generate revenue from the growing gambling industry, was widely criticised for discouraging participation and reducing revenue for betting operators.
The repeal of these levies is expected to ease tax obligations for various sectors while potentially reshaping income tax structures and corporate taxation.
Following the passage of the bill, Dr Ato Forson took to social media to express his optimism about the President’s approval.
“Parliament has just passed the Income Tax (Amendment) Bill, 2025, which abolishes the ‘Betting Tax’ and other levies. I have no doubt that H.E. President John Dramani Mahama will be more than willing to sign it into law without delay,” he stated.
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