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Deputy Minister for Finance, Thomas Ampem Nyarko, has announced that the controversial Electronic Levy (E-Levy) will be removed by the end of March 2025, provided the 2025 budget and appropriation receive parliamentary approval.
Speaking during the OXFAM Tax Dialogue on Channel One TV on Tuesday, March 18, Nyarko assured that once Parliament concludes its deliberations on the budget, the removal of the levy will take effect.
“It will take effect the moment the budget and the appropriation is approved, and that will be by the 31st of this month. So all things being equal, from April you will see that all things will be done,” he stated.
Beyond tax reforms, the Deputy Minister emphasized the need for Ghana to reassess its investment climate. While acknowledging the country’s strong democratic standing as a factor that attracts foreign investors, he pointed out that other challenges are discouraging investment.
“We as a country have not fully leveraged on good democratic credentials. A lot of foreign investors prefer Ghana because of our stable political environment but someway somehow other factors are driving investors away,” Nyarko noted.
He called for a thorough assessment and stakeholder consultations to identify and address these barriers, urging discussions on areas where Ghana “might not be doing right.”
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